A legislator in the US House of Representative has reportedly introduced a bill that will enact the law – make the law – an executive order by President Donald Trump that allows alternative ownership such as cryptocurrencies to include in 401 (k) retirement accounts.
Republican Representative Troy Downing introduced a draft bill to the House Financial Services Committee that would provide Executive Order 14330 The Force of Law, Politico reported on Tuesday.
The adversary -next, to which Trump Issued on August 7Each American preparing for retirement should have access to funds that include “alternative possessions” when considered applicable by a plan of certainty.
Under the following, “alternatives” include private market investments, real estate, commodities, infrastructure projects, life revenue techniques and digital assets held through actively managed investment vehicles.
An executive command sets government priorities but has no law and may be reversed by an alternative or court. In order to make a permanent policy, Congress must pass a bill text in the same room before it is signed in law.
Trump’s executive order on retirement property says the Department of Labor, the Securities and Exchange Commission (SEC) and the Secretary of Treasury should review and prioritize the guide for 401 (K) plans for six months.
The bill was introduced despite the US government’s shutdown, as Congress could still be introduced and debated in the debate during a funding.
Related: Crypto in US 401 (K) Retirement Plans can drive Bitcoin to $ 200k in 2025
Crypto moves to 401 (k) plans
Moving to add alternative ownership, including crypto, to US retirement accounts has emerged for months.
In May, the US Department of Labor Withdraw a guide to Biden-era The fiduciaries warned to be “super careful” when considering crypto retirement plans for 401 (K).
In September, about one month after Trump’s executive order, nine US lawmakers wrote a Letter In the SEC Chair Paul Atkins, the agency urged that Speed up the implementation of the adoption – and “help 90 million Americans currently restricted from investing in alternative ownership to secure a noble, comfortable retirement.”
https://www.youtube.com/watch?v=utrgkjicvck
In the US, the 401 (K) plan is one of the most widely used employer prevention programs. According to a report by an Investment Company Institute (ICI) from the second quarter of 2025 in the US Retirement Market DataAmericans will be held by a total of $ 9.3 trillion in 401 (K) account on June 30.
While some experts say adding Crypto plans and digital plans in 401 (k) Dangerous, much in the crypto space is bullish with the idea.
André Dragosch, head of European research in Bitwise, told Cointelegraph in August allowing Cryptocurrency with US retirement plans A key step for adopting Bitcoin can be marked and attract billions of new capital.
Magazine: Baby Boomers worth $ 79t finally riding with Bitcoin
