U.S. president Donald Trump is set to sign a an executive order that aims to allow cryptocurrency, private equity and real estate in 401(k)s, according to Bloomberg.
While the details of the directive remain under wraps, sources familiar with the matter told Bloomberg that the order would direct the Department of Labor to ease fiduciary restrictions that currently deter plan administrators from offering such products.
Bitcoin (BTC) rose from $114,900 to $15,670 within the hour of the announcement, as traders interpreted the news as bullish for long-term crypto adoption.
Though still shy of the psychological $120,000 level it briefly touched last month, the rally reignited speculative momentum, with derivatives markets also showing a jump in open interest and volume.
There were concerns about including cryptocurrencies in retirement plans at the tail end of 2024, with The Department of Labor reportedly “lacking the data” to oversee the growing prevalence of crypto holdings.
Read more: Bitcoin’s Volatility Disappears to Levels Not Seen Since October 2023
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Your day-ahead look for July 3, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
U.S. institutional demand had its worst month ever in June. Large holders absorbed the selling,…
Crypto ETF flows are starting to tell a more complicated story than simple risk-on or…
After dominating markets in 2026, AI-tied memory and semiconductor stocks are losing momentum, raising the…
Post ContentRead MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Spot ETFs had their strongest inflow day in two months, driven by funds other than…