U.S. Lawmakers Push SEC for Crypto Clarity in 401(k) Plans

Bipartisan pressure mounts on the SEC as House Financial Services Committee Chairman French Hill leads a coalition demanding regulatory clarity for cryptocurrency integration into retirement accounts. The September 22 letter to SEC Chair Paul Atkins seeks implementation pathways for President Trump's August 7 executive order expanding alternative investment access.

The executive order targets trillions in retirement assets, explicitly naming cryptocurrencies alongside private equity and real estate as permissible 401(k) options. Congressional supporters argue this MOVE could revitalize retirement portfolios through digital asset exposure, though current regulatory ambiguity prevents widespread adoption.

Market observers note the absence of specific coin mentions in the correspondence suggests broad-based crypto market implications rather than targeted altcoin promotion. The SEC now faces mounting political pressure to reconcile retirement account safeguards with growing demand for digital asset exposure among retail investors.