US President Donald Trump signed an executive order on Thursday allowing 401(k) retirement plans to include digital assets, private equity, and other alternative investments, as noted by Bloomberg on Thursday.
The directive requires the Labor Department, the SEC, and the Treasury to implement the changes.
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Under the order, regulators must explore ways to expand investor access to alternative assets, including possible updates to rules for accredited investors.
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This follows previous Trump administration actions on cryptocurrencies, including a January order on US leadership in digital assets and the creation of a strategic Bitcoin reserve.