Bipartisan Lawmakers Push SEC to Implement Trump’s Crypto 401(k) Initiative

A bipartisan coalition of U.S. lawmakers is urging the Securities and Exchange Commission to expedite the implementation of President Donald Trump's executive order, which seeks to include cryptocurrencies and other alternative assets in 401(k) retirement plans. The directive, signed on August 7, 2025, challenges longstanding restrictions that have barred retirement savers from accessing private markets.

Nine House members, led by Representatives French Hill and Ann Wagner, formally requested SEC Chair Paul Atkins to prioritize regulatory clarity. Their September 22 letter emphasizes collaboration with the Department of Labor to enable participant-directed plans to incorporate private equity, real estate, and digital assets—without compromising investor protections.

The push follows the DOL's May 2025 reversal of a 2022 guidance that had effectively blocked such investments. Market observers note this removes a critical barrier to institutional crypto adoption, potentially funneling trillions in retirement capital toward Bitcoin, Ethereum, and other digital assets.