Trump has ordered regulators to explore ways to let Americans invest their 401(k) savings in assets like cryptocurrencies, private equity, property, and gold. The move seeks to give everyday workers access to investments usually limited to the wealthy, according to BBC.
While some major firms are already preparing private equity retirement funds, critics warn this could increase risks for savers. The Department of Labor has 180 days to review rules, but any changes won’t happen right away.
This follows recent rollbacks of previous guidance that cautioned against including crypto and private equity in retirement plans, BBC reported.