Trump 401k order to drive up to $122 billion into Bitcoin, Ethereum through default flows

President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking. The directive tells the Labor Department, the SEC, and Treasury to revisit constraint...

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Trump 401k order to drive up to $122 billion into Bitcoin, Ethereum through default flows

Source: CryptoSlate

President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking. The directive tells the Labor Department, the SEC, and Treasury to revisit constraints on plan menus, opening the door for defined contribution plans to add sleeves tied to Bitcoin and ether through pooled vehicles. The focus now […]