INSUBCONTINENT EXCLUSIVE:
US Securities and Exchange Commission (SEC) Chair Paul Atkins showed openness to allowing cryptocurrencies in 401 (k) retirement plans for
Americans, but highlighted the need for responsible disclosure.During a Bloomberg interview published Friday, Atkins did not rule out
allowing cryptocurrencies into 401 (k) plans
executive order that could allow 401(k) retirement plans to invest in assets other than stocks and bonds, such as cryptocurrencies
the types of investments used in 401(k) retirement plan fiduciaries.A 401(k) is a US employer-sponsored retirement plan that allows workers
to defer part of their salary into tax-advantaged investment accounts, often with employer matching contributions.SEC Chair Paul Atkins
$5.9 trillion in assets under management, introduced retirement accounts that will allow Americans to invest in crypto nearly fee-free
The three new accounts are a tax-deferred traditional IRA and two Roth IRAs (one of which is a rollover) that will enable the inclusion of
Bitcoin (BTC), Ether (ETH), and Litecoin (LTC).Related: Is Bitcoin a good investment for retirement?At the end of May, the US Labor
Department rescinded guidance issued during the administration of former President Joe Biden administration that limited the inclusion of
cryptocurrency in 401(k) retirement plans
