President Trump has signed an executive order broadening the ways people can invest in the most common type of U.S. retirement accounts. Under Trump’s order, 401(k) retirement plans can now include private equity, real estate, cryptocurrency and other alternative investments. Prices of bitcoin and other cryptocurrencies, including the $TRUMP meme coin, surged as Trump signed the order. Blackstone CEO and Trump backer Stephen Schwarzman once told investors it was a “dream” of the private equity industry to draw upon 401(k) retirement accounts.
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