TechFlow news, December 12 — According to Cryptopolitan, Congress is pressuring the Securities and Exchange Commission (SEC) to update rules allowing Bitcoin and other cryptocurrencies to be included in 401(k) retirement plans. On December 11, members of the House Financial Services Committee sent a letter to SEC Chair Paul Atkins urging an update to securities regulations so digital assets can be incorporated into retirement accounts like other alternative investments.
The move follows President Trump's executive order signed in August titled "Democratizing Access to Alternative Assets for 401(k) Investors," which directs federal agencies to expand investment options available to retirement savers. Lawmakers argue current regulations are too restrictive, preventing millions of Americans from accessing new asset classes, and recommend redefining the "accredited investor" standard to allow more professionals to participate in alternative investment markets.
