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US President Donald Trump could sign an executive order as early as this week to allow 401(k) pension plans to invest in assets including crypto, gold and private equity, the Financial Times reported.
That would represent a sea change for crypto, opening the industry to a 401(k) market with $8.9 trillion in assets as of September last year. About 71.5 million Americans have 401(k) pension plans.
A 401(k) is a type of retirement plan offered by many employers in the US. It gives employees the option to save and invest a portion of their paycheck in the funds before taxes are deducted.
The Financial Times report cited three people who were briefed on the plan.
Trump Will Have The Final Say
The executive order would instruct regulatory agencies in Washington to formulate a plan to enable investment in crypto and other assets, the report said.
Regulators will also have to investigate any remaining obstacles that might prevent the alternative investments from becoming a reality.
US President Donald Trump will have the final say on whether American 401(k)s will be able to diversify their portfolios. Until the President himself confirms the change, nothing should be deemed official, White House spokesman Kush Desai said in a recent statement.
Biden 401(k) Crypto Limitations Rescinded
The report comes after the US Labor Department rescinded guidance from the previous administration under former President, Joe Biden.
That guidance imposed limits on the inclusion of crypto assets in 401(k) retirement plans.
Great news! The US Dept of Labor has rescinded its 2022 crypto guidance, paving the way for digital assets in 401(k) plans. Since Aug 2021, @daim_io has proudly managed Bitcoin in 401(k)s for companies, empowering retirement savings with innovation. #Bitcoin #401k… pic.twitter.com/0r0dN1C1Cw
— D A i M – Crypto Wealth Management (@daim_io) May 28, 2025
While there has been no official confirmation of the move, Americans do already have a way to invest their retirement in crypto after Fidelity introduced a new retirement account in May.
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