Trump Eyes Executive Order to Open 401(k) Access to Crypto and Alternative Assets

U.S. President Donald Trump is reportedly preparing to sign an executive order that would expand the scope of retirement investments to include alternative assets such as cryptocurrencies, private equity, and gold, according to a report from the Financial Times on Thursday.

The order, which could be enacted as early as this week, aims to eliminate regulatory roadblocks and give 401(k) account holders broader flexibility to allocate funds beyond traditional asset classes like stocks and bonds.

Markets responded swiftly to the news. Bitcoin surged past $120,000, gaining 1.7% over the past 24 hours. XRP, meanwhile, broke through its previous all-time high set in 2018, continuing its parabolic rally.

If implemented, the policy could mark a significant milestone in legitimizing crypto as part of mainstream retirement planning in the United States.