Executive Order Opens Doors to Alternative Investments

In a significant policy shift, former United States President Donald Trump is set to sign an executive order that will revolutionize retirement savings. This order will allow alternative assets such as cryptocurrencies, private equity, and real estate to be included in 401(k) plans, as reported by the Financial Times (FT) and CNBC. White House Press Secretary Karoline Leavitt has confirmed this development via Twitter.

Impact on Millions of Americans

According to a source cited by the FT, the executive order mandates federal agencies to review and adjust existing regulations to accommodate these new investment options. This change is expected to affect approximately 90 million Americans, offering them more diversified retirement savings opportunities.

Market Reaction

Following the announcement, the cryptocurrency market experienced immediate fluctuations. Bitcoin saw a 1.08% increase, reaching $116,274.511, while Ethereum surged by 4.17% to $3,837.3398 within minutes.