Financial Times: Trump to Open Cryptocurrency Investment to US Retirement Market
Powered by ChatGPTOn July 18 (UTC+8), Trump is preparing to open up cryptocurrencies, gold, and private equity to the $9 trillion U.S. retirement market, a move that would spur a fundamental shift in how Americans manage their savings. According to three people familiar with the matter, Trump is expected to sign an executive order as early as this week to open up alternative investments beyond traditional stocks and bonds for 401k retirement plans. These investments will involve a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private lending, and infrastructure deals. The aforementioned sources said that the executive order will instruct regulators to investigate the obstacles to including alternative investments in professionally managed funds used by 401k savers. (Source: Bitpush) [MetaEra]