Bloomberg: Trump will sign an executive order on Thursday aimed at allowing cryptocurrencies to be included in 401(k) retirement plans

ChainCatcher news, according to Bloomberg, Trump will sign an executive order on Thursday to relax investment restrictions on 401(k) retirement accounts. The order will instruct the Department of Labor to reassess the alternative asset investment guidelines under the Employee Retirement Income Security Act of 1974, allowing alternative assets such as private equity, real estate, and cryptocurrencies to be included in the approximately $12.5 trillion retirement account system. The Department of Labor will also clarify fiduciary responsibilities related to fund management that includes alternative assets.