Trump To Sign Order Allowing Crypto in 401(k) Retirement Plans

US President Donald Trump will sign an executive order on Thursday allowing crypto in 401(k) retirement plans. Trump aims to allow private equity, real estate, and other alternative assets to be a part of the 401(k) plan. The executive order helps to tap an approximate $12.5 trillion held in the retirement accounts across the US.

The executive order will direct the US Labor Department to reevaluate the guidance value around the alternative investment assets. The upcoming plans will be subject to the Employee Retirement Income Security Act of 1974, according to Bloomberg's latest 401(k) retirement report. Private allocation of crypto in 401(k) retirement plans will boost the digital assets market, making it turn bullish.