Trump’s Cryptocurrency Executive Order to Become Law: New Bill Codifies Investment Choice

A new bill aims to turn President Trump’s executive order on cryptocurrency and retirement savings into federal law. Rep. Troy Downing, R-Mont., has introduced the Retirement Investment Choice Act, which would codify the order and force the Labor Department to allow for investments in cryptocurrencies and private equity within 401(k) retirement plans. This move could significantly impact the US retirement industry and the crypto market by potentially channeling billions of dollars into digital assets.