How Crypto 401k’s Could Impact Investors
Business And Finance Concept Of Passive Income
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On August 7th the Trump administration continued its efforts to encourage further adoption and utilization of cryptoassets across the wider financial landscape. The most recent executive order directs the Labor Department to accelerate access to alternative investments in employer-sponsored defined contribution plans, which include 401k’s. With the size of the 401k marketplace at approximately $12 trillion the crypto sector – and especially asset managers that have pivoted to crypto recently – see an attractive opportunity to gain access to a pool of capital that usually operates without too much individual investor oversight. In other words, the very firms that have themselves…
