Trump wants to open retirement plans 401 (k) to Bitcoin, but the sec is cautious

By Hannah Pérez

President Donald Trump would be finalizing an executive order to allow alternative investments in retirement plans 401 (K), including cryptocurrencies. Paul Atkins, president of the SEC, expressed reservations.

***

• President Donald Trump wants to open US retirement plans to cryptocurrencies.
• He works in an executive order that would allow alternative investments in plans 401 (K).
• There is no set schedule, but reports advance that it could be officially announced this week.
• Paul Atkins, president of the SEC, expressed his reservations in this regard, although he did not oppose.

---

The president of the United States, Donald Trump, apparently intends to allow retirement savings plans 401 (k) to invest in cryptocurrencies as Bitcoin.

According to a publication of Financial Times (FT), Trump would be preparing an executive order that It would open the USD $ 9 billion American retirement market for alternative investmentsincluding private capital, gold and cryptocurrencies.

The report, which cites three people familiar with the plans, advances that the Executive Action would order the Washington regulatory agencies that investigate obstacles with the aim of allowing such alternative investments to be included as an investment option in plans 401 (K). Trump could sign the order this week, according to the report.

A measure of this type would stimulate a radical change in the way in which the savings of the Americans are managed, since it would mean that savers could obtain exposure to a market beyond traditional actions and bonds.

Employees in the United States can access 401 savings plans (K) sponsored by an employer, allowing them to save and invest a part of their salary before taxes, which reduces their taxable income. Contributions are invested in options such as mutual funds and traditional investment vehicles, and earnings grow tax to withdrawal.

Trump works in an executive order on 401 (K)

The information is in line with a report published at the beginning of the week by Bloombergwhich also pointed out Trump’s efforts to sign the directive. While that newspaper said that the president is finalizing the details and that A firm could come “soon“he also indicated that the details are still being discussed and there is no set for an ad.

White House representatives did not seem to deny efforts in a response to FT cited

“President Trump is committed to restoring the prosperity of common Americans and safeguarding his economic future. However, no decision should be considered official unless he comes from President Trump himself”said the White House.

Trump’s plans to open the retirement market for cryptocurrencies are part of the president’s broader ambitions to promote innovation in the United States and turn the country into the “Crypto Capital of the World”

The Trump administration took shares in May to begin to make the rules surrounding the use of cryptocurrencies for retirement accounts. At that time, the Department of Labor rescinded an orientation Biden compliance that discouraged retirement plans managers to consider cryptocurrencies as an investment option in plans 401 (K).

Beyond an executive order, implement changes in the rules of retirement plans 401 (K) may require a complex process that involves several regulators, including the stock and values commission (SEC).

President of the Sec invites prudence

Paul Atkins, president of the SEC, has shown a cautious position on the plans, although he has assured that they will work in close collaboration with their counterparts in other supervisory agencies to consider possible changes in retirement plans.

“We have to do this intelligently“ATKINS said in an interview with Bloomberg TV On Friday, warning that private markets are significantly different from public markets.

Without denying the idea at any time, Atkins argued that transparency will be fundamental and people must understand what they are investing, when consulted on the possible inclusion of cryptocurrencies in retirement plans. “I look forward to what can leave the president“He added, according to coverage.

Atkins, who took command of the SEC in April, has been related to cryptocurrencies, in line with the president’s position. Since he entered the agency, he has reversed more than a dozen rules and proposals of the Biden era. He has also abandoned numerous demands and investigations against companies in the cryptocurrency industry, committing to clarifying the rules for the sector.

On Thursday, Atkins praised the approval of Stablcoins ‘Genius’ legislation, which is now going to Trump’s desk, and reiterated to journalists that the agency expects “Establish clear rules”For the space of digital assets, he reported Bloomberg.

---

Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.