Crypto may soon be a part of your 401(k). President Donald Trump plans to sign an executive order Thursday midday to allow employees access to alternative assets like Bitcoin ETFs or private equity in their retirement accounts, according to a senior White House official, who asked for anonymity.
The order will direct Labor Secretary Lori Chavez-DeRemer to reexamine her department’s guidance on what assets are allowed in retirement accounts. The asset rules are informed by a decades-old law known as the Employee Retirement Income Security Act of 1974, or ERISA, which sets minimum standards for most employer-sponsored retirement and health plans, including 401(k)s.
