SEC Approves Cryptocurrency in 401(k) Plans, Impacting $12.5T Retirement Market

The Securities and Exchange Commission (SEC) has made a significant move by authorizing the inclusion of cryptocurrency within 401(k) plans, potentially impacting the $12.5 trillion US retirement market. This shift in policy follows a reversal of the Department of Labor’s previous stance against such investments. Notably, SEC Commissioner Hester Peirce championed innovation in securities policy, while former President Donald Trump implemented an executive order allowing digital assets to be included in retirement accounts. The decision could lead to significant financial and regulatory shifts within the sector.