Crypto Inclusion in Trump 401(k) Order Leaves Private Equity Torn
A Trump hat on the floor at the New York Stock Exchange in New York on August. 8.
Photographer: Michael Nagle/BloombergThe private equity industry has a novel bedfellow in a White House executive order that will pave the way for American workers’ 401(k) savings to go beyond stocks and bonds.
When President Donald Trump signed a directive to give the overseers of employees’ retirement savings more legal cover to go into “alternative” asset classes, the list of investments that got his blessings included the usual suspects like private equity and real estate. Crypto made the cut, too.