President Donald Trump has signed an executive order to make it easier to include cryptocurrency in Americans' 401(k) retirement funds. It's a potentially risky move that has been criticised by financial experts.
Announced on Thursday, Trump's new executive order instructs the U.S. Department of Labor (DOL) to reexamine its guidance regarding 401(k) plans' investment in alternative assets such as cryptocurrency, real estate, and private equity. Trump's order further directs the Securities and Exchange Commission (SEC) to revise regulations and guidance in order to facilitate such alternative asset investment.
In short, this means that the U.S. government may soon overhaul regulations in order to help 401(k) funds invest in crypto. Cryptocurrency prices surged in the wake of Trump'