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shift impacting millions of American retirement savers, the Trump administration’s Labor Department recently rescinded Biden-era guidance that had cautioned against including volatile assets like cryptocurrency in 401(k) plans.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…