The White House says President Donald Trump will sign an order that could change the composition of 401(k) plans, letting them invest in cryptocurrencies, private equity funds, real estate and other digital assets previously seen as too risky for everyday Americans approaching retirement.
President Donald Trump is expected to sign an executive order at 4 p.m. EDT. Watch the video live in the player above.
The order asks the Labor Department to examine and update its guidance and asks other agencies to determine whether regulatory changes are needed to allow such investments.
Crypto can be extremely volatile, while private equity, real estate investment trusts and certain digital assets have often been for more sophisticated investors without immediate liquidity needs. It’s unclear how a