As reported by Coincu, U.S. lawmakers are urging the SEC to implement former President Trump’s August 7 executive order, which allows 401(k) funds to invest in Bitcoin. The move aims to reshape retirement investment strategies and could channel substantial capital into crypto markets, potentially boosting Bitcoin’s legitimacy as a mainstream asset. Lawmakers including Chairman French Hill and Representatives Ann Wagner and Warren Davidson are leading the effort, emphasizing the need for regulatory action. The proposed changes may expand the reach of cryptocurrencies in traditional financial instruments and alter asset allocation within 401(k)s across the U.S.
US Lawmakers Push SEC to Allow Bitcoin in 401(k) Retirement Plans
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