TechFlow, August 7 — According to Bloomberg, U.S. President Trump will sign an executive order easing investment restrictions on 401(k) retirement accounts. The order will direct the Department of Labor to reevaluate guidelines under the Employee Retirement Income Security Act regarding investments in alternative assets, allowing private equity, real estate, and cryptocurrencies to be included in the approximately $12.5 trillion retirement account system. The Department of Labor will also provide clear guidance on fiduciary responsibilities related to fund management involving alternative assets.
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