401(k)

The U.S. Department of Labor has unveiled a sweeping proposed rule that could expand 401(k) retirement plan investment options, potentially opening the door wider to alternative assets — including crypto — inside tax-advantaged retirement accounts.

Bitcoin jumps to $117,000 as Trump signs executive order to allow BTC in 401(k)s, unlocking trillions in retirement capital. Institutions continue massive accumulation.

The executive order, expected this week, aims to unlock the $9 trillion retirement market by allowing 401(k) plans to invest in alternative assets.

Users will be able to access Bitwage features and the 401(k) on one platform and can make pre or post-tax contributions.

The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.

Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it.