Private equity hits 16-year lows, crypto keeps tumbling — and Trump wants both in your 401(k)

Private equity is giving 2008 vibes (1). Private credit is in crisis. Some are calling the end of the crypto honeymoon, with its trading volume drop (2) the lowest since 2023. All the while, Trump wants all of these assets to be added into 401(k).

In response to the self-proclaimed crypto president's August 2025 executive order, the Labor Department has proposed a rule that would make way for alternative assets into 401(k)s — a retirement plan that's nearly half a century old. READ MORE