{"id":48897,"date":"2025-09-23T12:37:22","date_gmt":"2025-09-23T05:37:22","guid":{"rendered":"https:\/\/hbbgroup.net\/us-lawmakers-urge-sec-to-act-on-trumps-crypto-retirement-plan\/"},"modified":"2025-09-23T12:37:22","modified_gmt":"2025-09-23T05:37:22","slug":"us-lawmakers-urge-sec-to-act-on-trumps-crypto-retirement-plan","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/us-lawmakers-urge-sec-to-act-on-trumps-crypto-retirement-plan\/","title":{"rendered":"US lawmakers urge SEC to act on Trump\u2019s crypto retirement plan"},"content":{"rendered":"
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US lawmakers have called on Securities and Exchange Commission Chair Paul Atkins to help accelerate the executive order enabling crypto investments in US 401(k) retirement plans.<\/p>\n

In the letter<\/a> on Monday, nine lawmakers, including House Financial Services Committee Chairman French Hill and Subcommittee on Capital Markets Chairman Ann Wagner, said that Atkins was asked to \u201cprovide swift assistance\u201d to the Secretary of Labor and to make any necessary adjustments to its current regulations and guidance.<\/p>\n

They also noted that under President Donald Trump\u2019s August executive order<\/a> on \u201cDemocratizing Access to Alternative Assets for 401(k) Investors,\u201d the SEC was instructed to make alternative assets like crypto more accessible in participant-directed retirement plans, in consideration of accredited investor and qualified purchaser rules.<\/p>\n

\u201cWe are hopeful that such actions will help the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement,\u201d the nine lawmakers said.<\/p>\n

Source: <\/em>Cointelegraph<\/em><\/a>
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This move follows the reversal of the Labor Department\u2019s anti-crypto guidance<\/a> in May, which had cautioned fiduciaries to be extremely careful<\/a> when including crypto in retirement funds.<\/p>\n

\u201cEvery American preparing for retirement should have access to funds that include investments in alternative assets when the relevant plan fiduciary determines that such access provides an appropriate opportunity\u2026 to enhance the net risk-adjusted returns,\u201d said the lawmakers, who also included Frank D. Lucas, Warren Davidson, Marlin Stutzman, Andrew R. Garbarino, Michael V. Lawler, Troy Downing, and Mike Haridopolos.<\/p>\n

A modest allocation could see $100 billion flow into crypto<\/h2>\n

Implementing Trump\u2019s EO would open crypto to the $9.3 trillion<\/a> US 401(k) retirement market, driving larger inflows into crypto exchange-traded products while positioning crypto as a potential long-term investment strategy.<\/p>\n

Related: <\/strong><\/em>Ex-FTX exec\u2019s plea deal still at center of court case<\/strong><\/em><\/a><\/p>\n

Even a 1% crypto allocation into the $9.3 trillion held in 401(k) plans could drive $93 billion in inflows, which would be considerably larger than the $60.6 billion<\/a> worth of capital that has flowed into the spot Bitcoin exchange-traded funds<\/a> since launching in January 2024.<\/p>\n

Some public pension funds already offer crypto exposure<\/h2>\n

The State of Michigan Retirement System<\/a> has continued expanding its crypto ETF holdings, snapping up $10.7 million worth of the ARK 21Shares Bitcoin ETF in the second quarter.\u00a0<\/p>\n