Wu said that the White House announced President Donald J. Trump signed an executive order allowing 401(k) investors to access alternative assets such as private equity, real estate, and digital assets to enhance returns and diversify risks. The order requires the Secretary of Labor to revisit and clarify the fiduciary responsibilities and related procedures for alternative asset investments in 401(k) and other defined contribution plans under ERISA, and to collaborate with federal agencies such as the Treasury Department and the Securities and Exchange Commission to promote regulatory adjustments, while directing the SEC to revise regulations to facilitate the allocation of such assets in retirement savings plans.