U.S. Representative Troy Downing (R-Mont.) is set to introduce a new bill that could bring cryptocurrency and other alternative assets into American retirement plans. Known as the Retirement Investment Choice Act, this legislation aims to make it legal for 401(k) holders to include cryptocurrencies like Bitcoin, private equity, and similar investments in their portfolios. The act builds on former President Trump’s executive order that allows for such investment in 401(k) plans. Downing’s bill seeks to codify this order into permanent law. The proposal has gained bipartisan support, with four Republican co-sponsors and aims to ensure access to these investment options even if administrations change. This marks a significant shift from the Biden-era policy that had restricted certain crypto investments for retirement funds, potentially giving millions of Americans greater control over their savings.