cripto401k
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š Trump Rescinds Biden's Guidance and Opens the Door to Crypto in 401(k) Plans š¼š°
The Trump administration has revoked the guidance issued in 2022 during the Biden era that warned about the risks of including cryptocurrencies in 401(k) retirement plans, eliminating regulatory restrictions and returning the investment decision to trustees, not Washington bureaucrats.
This measure could boost the inclusion of cryptocurrencies like Bitcoin in a $9 trillion market of 401(k) assets, where currently less than 1% is invested in cryptoassets. Labor Secretary Lori ChĆ”vez-DeRemer called the previous guidance an āoverreachā and stated that decisions should be made by trustees.
Trump, who has shifted from critic to promoter of cryptocurrencies, seeks to make the U.S. the āglobal capital of cryptocurrencies,ā promoting clearer and less restrictive regulatory frameworks for the sector.
Highlights for Binance:
ā¢ šļø The Department of Labor removes the warning against crypto in 401(k) plans.
ā¢ š¼ More flexibility for trustees to include crypto in retirement funds.
ā¢ š Currently, crypto represents less than 1% in 401(k) plans, but growth is expected.
ā¢ šŗšø Trump positions the U.S. as a global leader in digital financial technology.
ā¢ š„ Potential revolution for cryptocurrency investment in retirement.
Get ready for a crypto boom in retirement funds! šš
#TrumpCrypto #cripto401k $BTC #inversioninteligente #DonaldTrump
The Trump administration has revoked the guidance issued in 2022 during the Biden era that warned about the risks of including cryptocurrencies in 401(k) retirement plans, eliminating regulatory restrictions and returning the investment decision to trustees, not Washington bureaucrats.
This measure could boost the inclusion of cryptocurrencies like Bitcoin in a $9 trillion market of 401(k) assets, where currently less than 1% is invested in cryptoassets. Labor Secretary Lori ChĆ”vez-DeRemer called the previous guidance an āoverreachā and stated that decisions should be made by trustees.
Trump, who has shifted from critic to promoter of cryptocurrencies, seeks to make the U.S. the āglobal capital of cryptocurrencies,ā promoting clearer and less restrictive regulatory frameworks for the sector.
Highlights for Binance:
ā¢ šļø The Department of Labor removes the warning against crypto in 401(k) plans.
ā¢ š¼ More flexibility for trustees to include crypto in retirement funds.
ā¢ š Currently, crypto represents less than 1% in 401(k) plans, but growth is expected.
ā¢ šŗšø Trump positions the U.S. as a global leader in digital financial technology.
ā¢ š„ Potential revolution for cryptocurrency investment in retirement.
Get ready for a crypto boom in retirement funds! šš
#TrumpCrypto #cripto401k $BTC #inversioninteligente #DonaldTrump
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