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Trump opens door for crypto in retirement accounts

The president signs an order aimed at expanding the kinds of investments allowed in retirement accounts.

The move is intended to eventually give everyday workers new access to investments formerly reserved for wealthy individuals and institutions, while opening up previously untouched pools of funding for firms in those fields. In the past, employers have shied away from offering investments like private equity, which often have higher fees and face fewer disclosure requirements than public companies and can be less easy to convert to cash. During Trump's first term, the Department of Labor issued guidance aimed at encouraging retirement plans to invest in private equity funds, but concerns about litigation limited take-up and former President Joe Biden later revoked it.

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