Trump Administration and GOP Push to Expand 401(k)s
Key Republican lawmakers are backing the Trump administration’s effort to open American retirement accounts to a new class of investments, including cryptocurrencies, private equity, and other alternative assets.
These alternative assets may include digital currencies such as bitcoin, private market investments, real estate, commodities, and infrastructure projects.
- Cryptocurrencies
- Private equity
- Private market investments
- Real estate
- Commodities
- Infrastructure projects
The actions could help “the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement.
A group of nine GOP lawmakers, led by House Financial Services Committee Chairman French Hill (R-Ark.) and Capital Markets Subcommittee Chair Ann Wagner (R-Mo.), wrote to SEC Chair Paul Atkins expressing support for the Executive Order.
Author's summary: Trump administration pushes to expand 401(k)s to crypto.