HawkInsight

  • Contact Us
  • App
  • English

Trump will open up cryptocurrency investment for U.S. retirement market

Online reports that according to the British Financial Times, Trump is preparing to open up cryptocurrency, gold and private equity to the US$9 trillion U.S. retirement market, a move that will stimulate fundamental changes in the way Americans manage their savings. Trump is expected to sign an executive order as soon as this week to open up alternative investments other than traditional stocks and bonds for the 401k retirement plan, according to three people familiar with the matter. The investments will cover a wide range of asset classes, from digital assets to metals, as well as funds focusing on corporate acquisitions, private loans and infrastructure transactions. The executive order will direct regulators to investigate obstacles to including alternative investments in professionally managed funds used by 401k depositors, said the person familiar with the matter.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More