Trump plans to issue an executive order allowing 401k retirement funds to invest in cryptocurrencies and alternative assets

ChainCatcher news, according to the Financial Times, U.S. President Trump is preparing to sign an executive order allowing 401k retirement plans to invest in various alternative assets such as cryptocurrencies, gold, and private equity. This initiative could drive significant changes in the $9 trillion U.S. retirement market.

The executive order will instruct regulators to study and eliminate 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.