news 
Title: Trump Eyes Crypto for U.S. Retirement Plans – VC Calls It ‘Huge Unlock’
U.S. President Donald Trump is reportedly considering an executive order to open up retirement markets (401(k) plans) to alternative investments, including crypto and gold. This move could have a significant impact on the market, as Omar Kanji, investment partner at crypto-focused venture capital firm Dragonfly, calls it a “huge unlock” for the cryptocurrency industry.
According to a Financial Times report, regulators would need to overcome current hurdles that prevent ‘alternative investments’ from being included in managed retirement funds involving 401(k). Currently, retirement plans predominantly focus on index funds and stocks as an investment menu. If Trump’s plan is implemented, a portion of employees’ retirement can be directed into crypto investments.
This development has been expected, given the Department of Labor’s recent reversal of a Biden-era warning to fiduciaries to ensure ‘extreme care’ when engaging with crypto in 401(k) plans. The department stated that it would “make clear that investment decisions should be made by fiduciaries, not D.C. bureaucrats.”
Source: ambcrypto.com
