Financial Times reported today that President Trump is preparing to sign an executive order that would allow 401(k) retirement plans to invest in alternative assets such as gold, private equity, and cryptocurrencies like bitcoin.

"Donald Trump is preparing to open the $9tn US retirement market to cryptocurrency investments, gold, and private equity in a move that would spur a radical shift in the way Americans' savings are managed," reported the Financial Times.

According to Financial Times, the order is expected this week and will direct federal regulators to remove barriers preventing 401(k) plans from including these non-traditional investments in managed funds. This includes digital assets, metals, private loans, infrastructure deals, and corporate buyout funds.

"President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future," said the White House in a statement to the Financial Times. "No decisions should be deemed official, however, unless they come from President Trump himself."