President Trump Plans To Open 401(k)s To Bitcoin, Crypto, Gold, And Private Equity: FT

President Trump Plans To Open 401(k)s To Bitcoin, Crypto, Gold, And Private Equity: FT
President Trump Plans To Open 401(k)s To Bitcoin, Crypto, Gold, And Private Equity: FT

Financial times I mentioned Today, President Trump is preparing to sign an executive order that allows retirement plans 401 (K) to invest in alternative assets such as gold, private stocks and cryptocurrencies such as Bitcoin.

“Donald Trump is not preparing to open the 9 -meter US retirement market in the United States for cryptocurrencies, gold and private stocks in a move that stimulates a fundamental shift in the way the American savings are managed,” the Financial Times.

According to Financial Times, this week is expected, federal organizers will direct the barriers that prevent 401 K plans (K) from including these unconventional investments in managed funds. This includes digital assets, minerals, private loans, infrastructure deals and corporate purchase boxes.

“President Trump is committed to restoring prosperity for ordinary Americans and protecting their economic future,” the White House said in a statement to the Financial Times. “No official decisions should be considered, unless they come from President Trump himself.”

Trump’s move depends on his previous administration’s efforts to reduce bitcoin and encryption regulations. In May, the Ministry of Labor reflected a base to encourage bitcoin and other encryption in retirement plans. Trump has also supported Bitcoin and other encryption bills approved by the House of Representatives and the industry was attributed to helping winning the 2024 elections.

The executive matter can benefit major private investment companies such as Blackstone, Apollo and Blackrock, on Financial Times, which all installed a lot of their future growth on investment funds on behalf of retirement savings.

“Blackstone has hit a partnership with Vanguard, while Apollo and Partners Group are among the companies that will provide investments to enable, a large sponsor in the 401K plan. Blackrock has already started working with Great Gray Troust, a third -party manger for savings plans in retirement.”

The post President Trump Plans To Open 401(k)s To Bitcoin, Crypto, Gold, And Private Equity: FT first appeared on Investorempires.com.