Crypto Gains Ground in U.S. 401k Retirement Plans

SEC exempts liquid stakers from security laws

The SEC issued its latest crypto-focused exemptive statement Tuesday, formally greenlighting the activities of liquid staking providers, including issuing staking tokens and paying users financial rewards.

The announcement comes two months after the agency issued a similar statement exempting self-custodial staking with a third party, self-staking, and custodial staking from securities regulation.

Now, some of DeFi’s biggest players have been invited to the party—with their business activities confirmed to be outside the SEC’s jurisdiction.

Crypto to be officially allowed in 401k portfolio

U.S. President Donald Trump has signed an executive order to allow crypto investments in 401(k) retirement plans. While it was never technically prohibited to add crypto to a retirement plan, the Department of Labor previously put out guidance for fiduciaries to “exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan's investment menu for plan participants."

In May, that guidance was fully rescinded. Trump’s order would now direct the DOL to publish new guidance which would put cryptocurrencies in the same bucket as other assets.

This could encourage wealth managers, who previously stayed away from the risky asset class, to reconsider their positions, possibly bringing millions of dollars into exchange-traded funds (ETFs) holding bitcoin and other assets, or the cryptos directly.

DEX trading in Coinbase app

Coinbase users will soon be able to trade millions of onchain assets directly in the Coinbase app with DEX trading. Traders can now access a new world of Base assets on decentralized exchanges through Coinbase's easy-to-use and seamless user interface. DEX trading is now rolling out to U.S. users, excluding New York State, with plans to support more markets and networks soon.

Coinbase plans to expand DEX support to include additional networks, starting with Solana. At the same time, Coinbase is working to bring DEX trading to more countries and expand access for the global community.

See details: https://www.coinbase.com/blog/coinbase-unlocks-millions-of-assets-with-dex-trading

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