07:05 AM EDT, 08/08/2025 (MT Newswires) -- US President Donald Trump has signed an executive order that seeks to allow more private equity, real estate, cryptocurrency, and other alternative assets in 401(k) retirement accounts, paving the way for alternative asset managers to tap a bigger share of retirement savings, The White House said Thursday.

"A combination of regulatory overreach and encouragement of lawsuits filed by opportunistic trial lawyers has stifled investment innovation and largely relegated 401(k) and other defined-contribution retirement plan participants to asset classes whose returns lack the very same long-term net benefits allowed for and achieved by public pension plans and other institutional investors," Trump said in the executive order.

"My administration will relieve the regulatory burdens and litigation risk that impede American workers' retirement accounts from achieving the competitive returns and asset diversification necessary to secure a dignified, comfortable retirement," he said.