US Allows Bitcoin Investment with Pensions... Will the Trump Family Benefit?
- Input
- 2025-05-29 04:44:56
- Updated
- 2025-05-29 04:44:56
Donald Trump's US administration has decided to allow Americans to invest in Bitcoin through pension accounts.
The previous Biden administration had strictly limited this for pension protection reasons.
According to foreign media such as the Financial Times (FT), the US Department of Labor announced on the 28th (local time) that it would repeal the 2022 guidelines that prohibited Bitcoin investments with pension accounts.
The previous Biden administration had firmly stated that pension managers and sponsors should be extremely cautious when considering adding cryptocurrencies to 401(K) pension investment portfolios. The 401(K) pension is a workplace pension that uses a method where employers gather money with employees.
The Department of Labor removed the term 'extremely cautious' from this provision on that day.
The Department of Labor emphasized that removing this term is merely a reaffirmation of a neutral stance, neither recommending nor rejecting Bitcoin.
However, in reality, it has unlocked the door for large-scale pension funds to be invested in Bitcoin.
Coincidentally, this could be a significant benefit to the Trump family.
Trump's social media company Truth Social's parent company, Trump Media and Technology Group (DJT), announced the previous day that it would raise $2.5 billion in capital to invest in Bitcoin.
While the Trump family focuses on cryptocurrency and crypto asset investments, the Trump administration is actively promoting the crypto industry.
Vice President JD Vance will attend and speak at the Bitcoin conference held in Las Vegas, Nevada, on this day. High-ranking US government officials, Trump aides, and his family will also attend.
During the last election campaign, Trump pledged to nurture the crypto industry as a strategic industry for the US.
He emphasizes making the US the "capital of global crypto assets."
Although it fell on this day, Bitcoin recently surpassed $110,000 for the first time ever, thanks to this policy stance.
dympna@fnnews.com Song Kyung-jae Reporter