Trump order will allow alternative assets like cryptocurrencies, private equity in 401(k)s

Key Points

President Donald Trump will sign an executive order Thursday to allow alternative assets into 401(k)s, CNBC has learned.
The executive order will direct the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans.
An executive order would mark a major victory for private asset managers, who have pushed for greater adoption of alternative assets in defined contribution plans during Trump’s second term in office.

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