Trump Plans to Issue Executive Order Allowing 401k Retirement Funds to Invest in Cryptocurrencies and Alternative Assets

According to a report by the Financial Times, U.S. President Donald Trump is preparing to sign an executive order that would allow 401k retirement plans to invest in a variety of alternative assets, including cryptocurrencies, gold, and private equity. The move could drive significant change in the $9 trillion U.S. pension market. The executive order will instruct regulators to study and remove existing barriers, providing 401k investors with more diverse asset allocation options. Previously, the Trump administration had relaxed restrictions on retirement accounts investing in crypto assets and actively promoted related legislation. [ChainCatcher]