The US Congress Supported Trump’s Executive Order on Including Cryptocurrencies in 401(k) Retirement Plans

A group of US House Representatives led by the Chairman of the Financial Services Committee, French Hill, and the Chairwoman of the Subcommittee on Capital Markets, Ann Wagner, sent a letter to SEC Chairman Paul Atkins. In the letter, they expressed support for President Donald Trump’s Executive Order No. 14330, signed on August 7, 2025.

The document expands the capabilities of 401(k) retirement plans, providing investors access to alternative assets, including cryptocurrencies, real estate, and private equity. Congress urges the SEC and the Department of Labor to ensure the implementation of the order.

The letter notes that the initiative could be an important step in increasing retirement savings:

“We applaud the policy of the order, which states that every American preparing for retirement should have access to funds that include investments in alternative assets if the trusted plan deems them appropriate for enhancing returns considering the risk,” the document states.

Lawmakers also suggested that the SEC assist the Department of Labor in adapting regulations and revising the draft law on the status of accredited investors.

“We hope that such actions will help 90 million Americans, who are currently limited in investing in alternative assets, ensure a decent standard of living after retirement,” the authors of the letter emphasized.

The idea of including crypto assets in retirement plans has been discussed for several years. In April 2022, Fidelity became the first among major financial institutions to allow employers to direct part of employees’ retirement contributions into Bitcoin.