US President Donald Trump is reportedly preparing to sign an executive order that could open up access to cryptocurrencies and other alternative assets in 401(k) retirement plans.
New Investment Opportunities
According to a Financial Times report, the executive order may be signed as early as this week. It would order Washington regulators to explore allowing 401(k) accounts to include crypto assets, metals, infrastructure funds, and even private equity and loans.
Official Yet Unconfirmed
While the executive order seems imminent, Trump’s camp has emphasized that nothing is official yet. White House spokesman Kush Desai stated that any decision must come directly from Trump himself. He also reiterated the president’s commitment to enhancing financial opportunities for everyday Americans.
Major Institutions Preparing
Major financial firms are already preparing for this potential shift. Companies like Blackstone, BlackRock, and Apollo are reportedly working on private market offerings tailored for retirement investors. Partnerships with major 401(k) providers such as Vanguard and Empower are also underway, laying the groundwork for rapid adoption if the order goes through.
If finalized, this could mark a significant step towards integrating cryptocurrencies into US retirement savings, impacting the financial planning of many Americans.
