Bloomberg reported that Trump will sign an executive order today to allow private equity, real estate, cryptocurrencies and other alternative assets in 401(K)s.
The report said that the order would direct the Department of Labor to ease fiduciary restrictions that currently deter plan administrators from offering such products.
Bitcoin and other cryptocurrencies rallied on the news on expected future increase in demand for digital assets.
By the way, this news was also flagged immediately on our new tool called LiveBytes. Since then, Bitcoin rose almost 1%. Keep an eye on LiveBytes for such market-moving headlines that could offer trading and investment opportunities.
This article was written by Giuseppe Dellamotta at investinglive.com.Hence then, the article about bitcoin rallies as trump is set to allow cryptocurrencies in retirement plans was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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