Donald Trump’s New Executive Order Could Add Crypto to 401(k) Retirement Accounts
President Donald Trump is reportedly preparing to sign an executive order that could open U.S. retirement plans, known as 401(k)s, to cryptocurrency and other alternative assets. The move could drastically change how nearly $9 trillion in retirement savings are managed and allocated.
According to a Financial Times report, the executive order may be signed as early as this week. It would direct Washington regulators to explore pathways for allowing 401(k) accounts to include crypto assets, metals, infrastructure funds, and even private equity and loans. Traditionally, these retirement accounts have been limited to stocks, bonds, and mutual funds.
This plan builds on momentum gained earlier this year, when the Department of Labor under Trump’s influence reversed Biden-era guidance that discouraged the inclusion of cryptocurrencies in retirement plans. Financial giant Fidelity also introduced a new retirement account in April that includes crypto options, further hinting at institutional appetite for such changes.
While the executive order seems imminent, Trump’s camp has emphasized that nothing is official yet. WHITE House spokesman Kush Desai told the media that any decision must come directly from the President.