Trump Plans to Open 401(k) Accounts to Cryptocurrency and Private Equity Investments

U.S. President Donald Trump plans to sign an executive order allowing 401(k) retirement accounts to invest in non-traditional asset classes, including cryptocurrencies, gold, and private equity, with the aim of opening up the $9 trillion pension market to a wider range of alternative assets. The executive order will require regulators to assess relevant barriers and consider establishing a "safe harbor" mechanism for retirement plan administrators to reduce legal risks. [Financial Times]