In a significant move, former President Donald Trump is preparing to sign an executive order opening 401(k) retirement plans to investments in cryptocurrency and private equity. This initiative aims to broaden the investment options available to retirement savers, potentially allowing them to invest in alternative assets such as hedge funds, Bitcoin, and gold. Amid excitement from some market participants who see potential benefits, such as increased access to private market investments, there are concerns from experts and policymakers about the risks involved, especially given the complexity of these investment types. Senator Elizabeth Warren and others have expressed skepticism, urging caution about the adequacy of protections for retirement investors. Meanwhile, polling suggests a majority of participants favor expanding access to private market assets in their 401(k)s. As the administration prepares for this major policy shift, discussions around the implications of such changes continue to evolve.