- Trump pointed out that higher stock prices are helping American workers.
- He mentioned that the average 401(k) balance is up $30,000 since he took office.
- Trump pushed Congress to pass new rules stopping lawmakers from trading individual stocks.
US President Donald Trump has framed the stock market as a key way for everyday Americans to build wealth, while also pushing for tighter rules on congressional stock trading. The move is designed to put financial transparency and investor fairness at the center of current policy discussions.
During his State of the Union speech, Trump pointed out that higher stock prices are helping American workers, especially through retirement accounts like 401(k)s. He mentioned record stock market gains, saying the average 401(k) balance is up $30,000 since he took office.
Trump said the market’s strength has helped grow retirement savings and argued that giving more people a shot at investing is of great importance to building wealth across the country.
The US President also rolled out a plan to expand retirement access, including the possibility of the government matching up to $1,000 a year in contributions for workers who don’t have a 401(k) through their job. The idea, the administration says, is to help more Americans tap into stock market gains and build long-term wealth.
At the same time, Trump pushed Congress to pass new rules restricting lawmakers from trading individual stocks. He backed the ‘Stop Insider Trading Act’, arguing that elected officials shouldn’t be able to cash in on information the public doesn’t have.
The push follows years of worry about conflicts in Congress. Right now, lawmakers have to report stock trades under the STOCK Act, which bans using inside info for personal gain, but they can still own individual stocks.
Possible Impact on Crypto
Trump’s effort to tie stock market gains to everyday wealth (and tighten how lawmakers trade) could end up affecting crypto as well, even if indirectly.
In case tighter transparency rules make people trust traditional markets more, everyday investors might stick with stocks in their 401(k)s instead of chasing speculative assets like Bitcoin.
On the other hand, if the insider trading debate heats up, it could actually boost crypto’s core argument – that it’s a more transparent, rule-driven system.
Related: Trump Claims Portfolios Are ‘Way Up,’ But What About Crypto?
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Source: https://coinedition.com/trump-highlights-stock-market-surge-calls-for-congress-trading-reform/
