Lawmaker Seeks Permanent Legal Backing for Cryptocurrency Inclusion in 401(k)s

A U.S. Representative, Troy Downing, has introduced the Retirement Investment Choice Act, aiming to turn President Trump’s executive order on expanding retirement investments into law. The bill would allow Americans to include alternative assets like cryptocurrency within their 401(k) retirement plans. This legislation seeks to codify Executive Order 14330, issued in August 2020, which aims to broaden investment options for retirees beyond traditional stocks and bonds. 401(k)s would be permitted to invest in real estate, commodities, private markets, infrastructure projects, income strategies, and digital assets, provided they adhere to fiduciary guidelines.