President Donald Trump is preparing to sign an executive order this week. This would allow the $9 trillion US retirement market to invest in Bitcoin, gold, and private equity. Also, the move aligns with his broader pro-crypto agenda. The order is expected to benefit major investment firms like BlackRock and offer legal protections for 401k plan administrators.
According to a Financial Times (FT) report, the order could be signed this week. It would instruct federal agencies to remove regulatory barriers that prevent crypto and private assets from being included in professionally managed 401k plans.
Currently, most 401k accounts are limited to mutual funds holding public stocks and bonds. Trump’s plan would allow managers to add Bitcoin and other digital assets. Hence, Americans will have more choice in how they save for retirement.
The White House confirmed that Trump is focused on helping working Americans build wealth and secure their futures. However, it emphasized that no decision is final until the president announces it directly.
This move builds on Trump’s broader push to mainstream Bitcoin. His administration has already dropped enforcement actions against major crypto companies and supported legislation that benefits the digital asset industry.
Also, a White House representative stated that President Trump has shown his support towards eliminating crypto capital gains tax. The move will make small Bitcoin transactions tax-free and ease crypto adoption.
Notably, Trump has openly credited the crypto community with helping him win the 2024 election. His family’s firm, Trump Media & Technology Group, has invested over $2 billion in cryptocurrencies and launched its own stablecoin and digital tokens.
In May, Trump’s Department of Labor reversed a Biden-era rule that discouraged 401k plan administrators from offering Bitcoin and crypto investments. That rollback paved the way for this upcoming executive order.
The FT report added that the order would benefit major private investment firms such as Blackstone, Apollo, and BlackRock. These companies have been planning to offer private assets through retirement plans and expect to attract billions in new capital once the rule takes effect.
According to the report, the Labor Department is also being asked to create a legal safe harbor for plan administrators. This would limit their liability when offering riskier private assets, including those with higher fees and less liquidity than traditional investments.
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