September 23, 2025 2:56pm EDT
Key GOP lawmakers back Trump's executive order for crypto, other alternative assets in 401(k) plans
House Republicans urge SEC to swiftly implement alternative asset access, including private markets and digital assets
By Eric Revell FOXBusiness
A group of key Republican lawmakers in the House of Representatives signaled support for the Trump administration's move to allow alternative assets, including cryptocurrencies, in 401(k) plans.
House Financial Services Committee Chairman French Hill, R-Ark., and Subcommittee on Capital Markets Chair Ann Wagner, R-Mo., were joined by seven other GOP lawmakers when they wrote to Securities and Exchange Commission (SEC) Chairman Paul Atkins on Monday to express support for the move.
They said President Donald Trump's executive order on the subject has the potential to enhance Americans' retirement savings and encouraged the SEC to work with the Labor Department in revising relevant regulations to make the investments more accessible.
"We applaud the EO's policy 'that every American preparing for retirement should have access to funds that include investments in alternative assets when the relevant plan fiduciary determines that such access provides an appropriate opportunity… to enhance the net risk-adjusted returns," the lawmakers wrote.
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https://www.foxbusiness.com/politics/key-gop-lawmakers-back-trumps-executive-order-crypto-other-alternative-assets-401k-plans
