The Financial Times today reported that President Trump is preparing to sign an executive order that allows him to invest in alternative assets such as gold, private equity and cryptocurrencies such as Bitcoin.
“Donald Trump is preparing to open up the 9-ton US retirement market for cryptocurrency investments, gold and private equity amid a move that drives fundamental changes in the way American savings are managed,” the Financial Times reported.
The order is expected this week, according to the Financial Times, and directs federal regulators to eliminate barriers that prevent these non-traditional investments from being included in managed funds. This includes digital assets, metals, private loans, infrastructure transactions and corporate acquisition funds.
“President Trump is committed to restoring the prosperity of everyday Americans and protecting the future of the economy,” the White House said in a statement from the financial era. “However, unless they come from President Trump himself, the decision should not be considered official.”
Trump’s move is based on his administration’s previous efforts to ease Bitcoin and crypto regulations. In May, the Labor Department overturned rules that discouraged Bitcoin and other codes in its retirement plans. Trump also praised the industry for passing recent Bitcoin and other crypto-related bills in the House, helping him win the 2024 election.
The executive order could benefit major private investment companies such as Blackstone, Apollo and BlackRock, reported by the Financial Times. All of this holds a lot of future growth into investing money on behalf of retirement savings.
“Blackstone has attacked its partnership with Vanguard, but Apollo and the Partner Group are one of the companies offering investments in Empowerment, a massive 401K Plan sponsor.
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