Golden Finance reports that, according to Bloomberg, the White House is preparing an executive order that would provide legal protection for 401(k) retirement plan managers, allowing them to include private market funds, cryptocurrencies, and other alternative assets in investment options. Jon Gray, President of Blackstone Inc., stated that once the U.S. paves the way for 401(k) plans to expand into investment areas beyond stocks and bonds, leading institutions in the alternative asset industry are most likely to benefit. This move will bring significant changes to the U.S. retirement savings market, providing ordinary investors with more diversified investment channels, while also potentially creating new business growth opportunities for large private equity management firms.