White House Press Secretary: Trump to Sign Executive Order Today Allowing 401(k) Retirement Fund Investment in Cryptocurrency

The Financial Times reports that the US President, Donald Trump, is preparing to sign an executive order allowing retirement plans such as 401(k)s to invest in alternative assets such as cryptocurrency, gold, and private equity.

"If every American 401(k) account allocated 1% of its existing assets to cryptocurrency, there would be a $120 billion influx into the crypto market."

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