Thu, 07 Aug 2025

Thu, 07 Aug 2025 Trump opens door for crypto in retirement accounts

The president signs an order aimed at expanding the kinds of investments allowed in retirement accounts.
US President Donald Trump has instructed regulators to relax rules that may discourage employers from offering unconventional investments in workplace retirement accounts, such as cryptocurrencies and private equity. The goal is to give everyday workers access to these types of investments, previously reserved for wealthy individuals and institutions, and provide new funding opportunities for firms in those fields. Critics warn that this could increase risks for savers. Most US employers do not offer traditional pensions, instead offering investment accounts with contributions from employees and employers. Historically, firms have been responsible for considering factors like risk and expense when choosing investments. The order gives the Department of Labor 180 days to review rules, but experts say any changes will likely take time. Some major investment management companies, such as State Street and Vanguard, are already partnering with alternative asset managers to offer private-equity focused retirement funds. Trump's business interests include firms involved in crypto and investment accounts. The Department of Labor recently rescinded guidance that urged caution when adding cryptocurrencies to retirement accounts, and has a history of encouraging retirement plans to invest in private equity funds.
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