WATCH LIVE: Trump expected to sign order on crypto, private equity in retirement accounts
Summary
President Trump is set to sign an order allowing 401(k) retirement plans to invest in cryptocurrencies, private equity, and other assets. This move would involve the Labor Department and other agencies evaluating regulatory changes to facilitate these investments.Key Facts
- President Trump is expected to sign an executive order related to 401(k) plans.
- The order could permit these retirement plans to include cryptocurrencies and private equity.
- The Labor Department must examine and update its guidance on this matter.
- Other agencies are asked to determine if regulatory changes are needed.
- Cryptocurrencies and private equity are often considered high-risk investments.
- The effect on management fees for 401(k) plans is unclear.
- The signing is expected to happen at 4 p.m. EDT.
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