President Donald Trump, in a move that could be seen as either a stroke of genius or a madcap scheme, is reportedly preparing an executive order to open the $9 trillion U.S. retirement market, specifically 401(k) plans, to investments in cryptocurrencies like bitcoin, gold, and private equity, the Financial Times reported on Thursday. 🤑
//news.bitcoin.com/blackrocks-ibit-shatters-etf-records-hits-80-billion-aum-in-374-days/”>Blackrock
, who are no doubt rubbing their hands in glee at the prospect of accessing hundreds of billions in new assets. The order also seeks a regulatory “safe harbour” for plan administrators offering these less liquid, higher-fee private investments, a move designed to minimize their legal risks and, presumably, their need for a good lawyer. 🕵️‍♂️
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2025-07-18 01:57