Trump to open up cryptocurrency investments to U.S. retirement market

Odaily News According to the Financial Times, Trump is preparing to open up cryptocurrencies, gold and private equity to the $9 trillion U.S. retirement market, a move that will spur a fundamental shift in how Americans manage their savings. Trump is expected to sign an executive order as soon as this week to open up 401k retirement plans to alternative investments beyond traditional stocks and bonds, according to three people familiar with the matter. These investments will cover a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private loans and infrastructure transactions. The executive order will instruct regulators to investigate the obstacles faced in incorporating alternative investments into professionally managed funds used by 401k savers, the people said.