Trump Plans to Sign Executive Order Allowing 401(k) Retirement Accounts to Invest in Cryptocurrencies and Other Alternative Assets
According to reports, U.S. President Trump will sign an executive order on Thursday to ease the path for 401(k) retirement accounts to invest in alternative assets such as private equity, real estate, and cryptocurrencies. The order will direct the Department of Labor to reconsider regulatory guidance under the Employee Retirement Income Security Act (ERISA) of 1974 and collaborate with agencies such as the Treasury Department and the Securities and Exchange Commission to study whether adjustments to the rules are needed to support this shift.