President Donald Trump is set to sign an executive order that could allow cryptocurrencies to be part of 401(k) retirement plans, potentially transforming American investment strategies. The White House confirmed that the order will instruct the US Labor Department to reassess the limitations on alternative assets in defined-contribution plans, which include digital currencies, private equity, and real estate. A senior official indicated that the labor secretary will be tasked with clarifying the department's position on these assets and providing guidance on fiduciary responsibilities for including them in retirement portfolios. This initiative could open up access to digital assets for Americans within the $12.5 trillion retirement market, a significant opportunity for crypto firms seeking to engage retail investors. Although institutional investments in crypto are rising, individual savers have faced barriers due to fiduciary risks and regulatory uncertainties. The order will also promote collaboration with the Treasury and SEC to facilitate the integration of alternative investments into retirement products. Read more AI-generated news on: https://app.chaingpt.org/news

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