The Trump administration plans to launch savings accounts for children, drawing interest from major financial firms like JP Morgan, Robinhood, and Blackrock. These accounts aim to provide a low-cost way for families to save, with companies also looking to contribute matching funds. A sign-up portal is expected early next year.

President Trump signed an executive order allowing alternative assets like cryptocurrencies and private equity to be included in 401(k) plans, directing the Secretary of Labor to review existing fiduciary guidelines. This move, aimed at expanding investment options for retirement plans, presents both opportunities and risks for investors, with the alternative asset industry celebrating this significant shift. Bitcoin saw a price increase following the announcement.

Donald Trump has expressed disappointment over his investments in cryptocurrencies, stating that they have not yielded the expected returns. He highlights the volatility and challenges of the crypto market, reflecting a broader skepticism towards digital assets among traditional investors.