A new bill proposes to allow cryptocurrency investments within 401(k) plans, a move that could significantly impact the US retirement system. Led by Congressman Troy Downing, the Retirement Investment Choice Act seeks to solidify a Trump-era executive order allowing cryptocurrencies in these accounts. This legislation aligns with Republican economic goals and aims to expand investment options for Americans saving for retirement. The bill also follows President Trump’s executive order issued in 2025 on expanding retirement investment opportunities. The potential influx of billions of dollars into the cryptocurrency market if this proposal passes is significant, but it faces regulatory hurdles from the Department of Labor, SEC, and Treasury and requires a successful passage through Congress. Experts are cautiously optimistic about its impact, noting the potential for increased access to traditionally institutional-dominated investments. While some experts believe 401(k) plan fiduciaries, rather than the government, should make investment decisions based on participant interest, the bill could mark a significant shift in how Americans approach retirement planning.