House Republicans on the Financial Services Committee have called on the Securities and Exchange Commission (SEC) to move quickly in implementing President Trump’s executive order allowing 401(k) investors access to alternative assets, including cryptocurrency.
- Committee Chairman French Hill (R-AR) and Subcommittee on Capital Markets Chair Ann Wagner (R-MO) led the letter to SEC Chairman Paul Atkins.
- Other signatories included Reps. Frank Lucas (R-OK), Warren Davidson (R-OH), Marlin Stutzman (R-IN), Andrew Garbarino (R-NY), Mike Lawler (R-NY), Troy Downing (R-MT), and Mike Haridopolos (R-FL).
- The lawmakers voiced support for Executive Order 14330, issued on August 7, 2025, which seeks to expand retirement plan access to alternative assets when deemed appropriate by fiduciaries.
- The letter urged the SEC to coordinate with the Department of Labor and revise regulations and guidance to align with the order.
- Supporters argue the policy could provide nearly 90 million Americans with new opportunities to enhance retirement savings through diversified asset classes.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
