#BigNews🚨🚨🚨

President Trump is reportedly preparing to sign an executive order that would allow the $9 trillion US retirement market to invest in Bitcoin, cryptocurrencies, gold, and private equity. This move aligns with Trump's pro-crypto agenda and is expected to benefit major investment firms like BlackRock, Blackstone, and Apollo.

*Key Details of the Executive Order*

- *Retirement Market Access*: The order would permit 401(k) plans to invest in alternative assets like Bitcoin, cryptocurrencies, gold, and private equity.

- *Benefiting Investment Firms*: Major firms like BlackRock, Blackstone, and Apollo are expected to capitalize on this shift, offering new investment products.

- *Legal Protections*: The order may create a legal "safe harbor" for 401(k) plan administrators when offering these riskier investments.

*Implications and Context*

- *Trump's Pro-Crypto Stance*: Trump has credited the crypto community with helping him win the 2024 election and has supported legislation favorable to the digital asset industry.

- *Regulatory Shift*: This move follows a Department of Labor policy reversal in May that discouraged 401(k) administrators from offering crypto options.¹ ² ³

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