Donald Trump reshapes investing for retirement: Executive order opens 401(k)s to private equity, crypto; industry urges caution

President Trump's executive order aims to broaden 401(k) investment options, potentially including private equity and cryptocurrency. This shift directs federal agencies to revise regulations under ERISA, allowing employers to offer alternative assets in retirement plans. While proponents tout higher returns, concerns remain regarding volatility, fees, and liquidity, prompting industry groups to urge caution and careful implementation.