US House panel pushes SEC to allow crypto in 401(k) plans

The U.S. House Financial Services Committee is pressuring the Securities and Exchange Commission (SEC) to include cryptocurrencies in 401(k) retirement plans, Cryptopolitan reported. In an official letter to SEC Chair Paul Atkins, committee members urged the agency to amend its rules to treat and evaluate cryptocurrencies like Bitcoin on par with other alternative assets. The letter emphasized that Americans should have more diverse investment options for their retirement funds, arguing that current regulations are outdated, overly restrictive, and block access to new asset classes. The committee also noted that President Donald Trump issued an executive order in August allowing 401(k) plans to invest in alternative assets such as crypto, real estate, and private equity, adding that the SEC should move quickly to implement the policy.