President Donald Trump is pushing to open the retirement pension market for American workers to cryptocurrencies, real estate, and private equity industries.

On the 7th (local time), Bloomberg News reported that President Trump is expected to sign an executive order with this content. The aim is to allow alternative assets such as digital assets, real estate, and private equity to be included in the 401(k) accounts, which are the retirement pension system in the United States, instead of traditional stocks and bonds.

On the 30th of last month (local time), Donald Trump, the President of the United States, signs the document for the South Korea-U.S. trade agreement at the White House. /Courtesy of the White House

Reuters noted that this measure is expected to especially provide new opportunities for large private equity firms such as Blackstone, Apollo, and BlackRock. If these private equity firms can enter the 401(k) retirement pension market, they could attract a massive influx of funds amounting to hundreds of billions of dollars.

However, concerns have been raised about opening the retirement pension market to cryptocurrencies, which are considered risky assets. President Trump is directing Minister Lori Chavez-DeRemer to consult with the Treasury Department and the Securities and Exchange Commission (SEC) to determine if regulatory changes are needed for this measure.

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