Trump set to approve crypto investments in 401k retirement plans, says FT — Capital Brief
The news: US President Donald Trump is preparing to open the US$9 trillion ($13.9 trillion) US retirement market to cryptocurrency investments, gold and private equity, The Financial Times reported citing three people briefed on the plans.
The context: Trump is expected to sign an executive order as soon as this week that would open up 401k plans to alternative investments beyond traditional stocks and bonds, the FT said, in a move that would spur a radical shift in the way Americans’ savings are managed.
The order would instruct Washington regulatory agencies to investigate the remaining hurdles needed to allow such investments in professionally managed funds used by 401k savers, according to the report.
The Trump administration has…
