No link source for this announcement?
No president is doing like this before but surely the regulators should be catching up before this executive order flies.
Everybody is onboard already when this happen. Elders just have to hope they are not going to lose their hard earned money and they can use their funds while they retire somewhere warmer.
It OP has shared the link of this news then we can better understand it.
At retirement age most people are not in a position to do any other private job or business and they need money to pay for things like medical bills etc. We know crypto is still volatile and investing in anything other then Bitcoin is extremely risky. Even if we invest in bitcoin their are chances that our investment may be struck for weeks or months before we see profit coming on our investment. A retire person can't wait for weeks or months to get his investment back.
Again, we can better comment on that news if we have complete details of that plan.