Trump Considers Allowing 401(k) Investments in Cryptocurrencies, Gold, and Private Equity
Powered by ChatGPTOn July 18, U.S. President Trump plans to sign an executive order allowing "alternative investments" such as cryptocurrencies, gold, and private equity to be included in 401(k) retirement plans to broaden the scope of investment in the retirement market. If the order is implemented, regulators will need to review existing policy barriers. Previously, the U.S. Department of Labor relaxed restrictions on crypto assets entering retirement funds in May, calling the move a correction of the Biden administration's "regulatory overreach." Currently, the total size of U.S. 401(k) retirement accounts is approximately $8.7 trillion, and several states have begun planning to include digital assets in their investment portfolios. (Source: The Block) [MetaEra]