Under a new executive order signed by President Trump, workers could add higher-risk assets like cryptocurrencies to their 401(k)s.

Trump’s move rewards both the $5 trillion private equity industry, which for decades has wanted to compete for a role in retirement plans, and the cryptocurrency industry, whose executives strongly supported Trump’s 2024 campaign as they aimed for more mainstream acceptance among Americans.

Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an

As expected, U.S. President Donald Trump on Thursday signed an executive order allowing private equity, cryptocurrency, and other alternative assets in 401(k) investments.