President Trump is preparing to sign an executive order to allow 401(k) retirement plans to invest in alternative assets, including cryptocurrencies like bitcoin, gold, and private equity. This executive order aims to remove federal barriers restricting these investments in managed funds. The White House emphasized Trump's commitment to economic prosperity for Americans while encouraging further investment from major firms. This action continues efforts to ease regulations surrounding cryptocurrencies and acknowledges the role of the industry in recent electoral successes.
Donald Trump is preparing to open the $9tn US retirement market to cryptocurrency investments, gold, and private equity in a move that would spur a radical shift in the way Americans' savings are managed.
According to Financial Times, the order is expected this week and will direct federal regulators to remove barriers preventing 401(k) plans from including these non-traditional investments in managed funds.
President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future.
Trump's move builds on his administration's earlier efforts to ease bitcoin and crypto regulations.
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