Donald Trump has spent much of his second term using the U.S. presidency as a giant ATM for himself, his family, and his cronies. Now he's devised a way for the cryptocurrency and private equity industries to do the same"while further lining his own pockets and putting Americans' nest eggs at risk. The Trump administration on Monday announced plans to open 401(k) retirement plans to investments like crypto and private equity that are subject to far fewer safeguards than publicly traded assets like stocks and bonds. Critics warn the move threatens the retirement savings of millions of Americans while delivering a massive windfall for crypto and private equity moguls. The stakes are enormous: If Americans collectively shifted just 1 percent of their 401(k) assets into crypto and private equity, those industries would be flooded with more than $100 billion in new capital.