Trump plans to open U.S. pension market to cryptocurrencies and alternative assets

On July 18, according to the Financial Times, US President Trump is preparing to sign an executive order to allow 401k retirement plans to invest in a variety of alternative assets such as cryptocurrencies, gold and private equity. This move will drive major changes in the US $9 trillion retirement market. The executive order will instruct regulators to study the removal of relevant obstacles and provide 401k investors with more diversified asset options. The Trump administration has previously relaxed restrictions on retirement account investments in cryptocurrencies and actively promoted relevant legislation. [PANews]