The U.S. Department of Labor has submitted to the White House Office of Information and Regulatory Affairs (OIRA) a proposed rule that would allow 401(k) retirement plans to consider alternative assets. It’s too early to say Americans can directly use their retirement savings to buy BTC. But when that day comes, crypto assets will see huge buying demand from long-term retirement savings. It also means that you—and my American green-card-holding bro whom I’ve never met—will be able to make the most of it in several ways and save a lot of effort on asset allocation. Ajian isn’t jealous at all 😭
Anyway, when that day really comes, Ajian believes the benefits won’t be limited to $BTC . Product structures, long-term risks, and compliance responsibilities mean that business opportunities will be spread across asset managers, ETF issuers, custodians, compliant trading platforms, and pension service providers. So if this policy path ultimately becomes reality, the biggest winners will likely be crypto firms that already have the capabilities to offer traditional financial products.
So, are you savvy enough to see what all the CEXs are up to now?
Anyway, when that day really comes, Ajian believes the benefits won’t be limited to $BTC . Product structures, long-term risks, and compliance responsibilities mean that business opportunities will be spread across asset managers, ETF issuers, custodians, compliant trading platforms, and pension service providers. So if this policy path ultimately becomes reality, the biggest winners will likely be crypto firms that already have the capabilities to offer traditional financial products.
So, are you savvy enough to see what all the CEXs are up to now?