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Trump Administration Clears Path for Crypto, Private Equity in 401(k)s

Trump Administration Clears Path for Crypto, Private Equity in 401(k)s

Trump Administration Clears Path for Crypto, Private Equity in 401(k)s In a significant shift impacting millions of American retirement savers, the Trump administration’s Labor Department recently rescinded Biden-era guidance that had cautioned against including volatile assets like cryptocurrency in 401(k) plans. This move, which occurred in May, signals a renewed push to broaden investment options within employer-sponsored retirement accounts, potentially introducing private equity and digital currencies into mainstream portfolios. The current administration’s action builds upon an executive order signed by…

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Trump-Era 401(k) Crypto and Private Equity Push: What Happened to the Proposed Changes?

Trump-Era 401(k) Crypto and Private Equity Push: What Happened to the Proposed Changes?

Trump-Era 401(k) Crypto and Private Equity Push: What Happened to the Proposed Changes? A past executive order from the Trump administration aimed to revolutionize retirement savings by allowing 401(k) plans to invest in alternative assets like private equity and cryptocurrencies. Signed by then-President Trump, the directive sought to broaden investment opportunities beyond traditional stocks and bonds, potentially opening the door for higher-risk, but potentially higher-reward, options in individual retirement accounts. The initiative, which garnered significant attention at the time, proposed…

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