Trump plans to issue an executive order allowing 401k retirement funds to invest in Crypto Assets and alternative assets.

According to Mars Finance, the Financial Times reported that U.S. President Trump is preparing to sign an executive order allowing 401k retirement plans to invest in Crypto Assets, gold, and private equity among various alternative assets. This initiative could drive significant changes in the U.S. retirement market, which is worth $9 trillion. The executive order will instruct regulators to study and eliminate existing barriers to provide 401k investors with more diversified asset allocation options. Previously, the Trump administration had eased restrictions on retirement accounts investing in Crypto Assets and actively promoted related legislation.