A group of lawmakers from the House Financial Services Committee is pressing the Securities and Exchange Commission to act on President Donald Trump’s recent directive aimed at modernizing retirement savings.
In a letter sent to SEC Chairman Paul Atkins, the members called for swift implementation of Executive Order 14330, signed in early August, which seeks to expand 401(k) investment choices beyond traditional stocks and bonds.
The order highlights digital assets, including Bitcoin, as potential additions to retirement portfolios.
The lawmakers argued that workers saving for retirement deserve access to the same variety of opportunities available to institutional investors.
They urged the SEC to work closely with the Department of Labor on updating regulations so that Americans can diversify more effectively and improve their long-term financial outlook.
Committee Chairman French Hill and Capital Markets Subcommittee Chair Ann Wagner were among those who endorsed the letter, joined by several colleagues including Frank Lucas, Warren Davidson, and Troy Downing.
Their collective push reflects growing momentum in Washington to integrate digital assets into mainstream financial structures.
If adopted, the changes could mark a turning point for retirement planning in the United States, giving millions of savers direct exposure to Bitcoin and other alternatives that until now have been largely out of reach.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/us-congress-urges-sec-to-allow-bitcoin-in-401k-plans/