A group of U.S. lawmakers is pressing the Securities and Exchange Commission (SEC) to make retirement savings more flexible by opening the door to crypto and other alternative assets.
In a letter addressed to SEC Chairman Paul Atkins, they voiced support for President Trump’s recent Executive Order 14330 on “Democratizing Access to Alternative Assets for 401(k) Investors.”
The letter emphasizes the principle 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.”
Urging the SEC to Act
The executive order directs the Department of Labor and the SEC to work together on regulatory changes. Lawmakers want the SEC to act swiftly. “We encourage the SEC to provide swift assistance to the Secretary of Labor. And to make any necessary revisions to its current regulations and guidance,” the letter states.
At the heart of the push is the definition of who qualifies as an accredited investor. Current rules limit most Americans from accessing alternative investments. This includes crypto-related funds. Lawmakers argue this needs to change to reflect modern markets and broader financial opportunities.
Expanding Accredited Investor Rules
The letter highlights ongoing bipartisan bills in Congress that aim to expand who can qualify as an accredited investor. Proposals include allowing individuals with certain licenses, education, or job experience to qualify. And even creating SEC-administered exams for investors to prove their financial knowledge.
Lawmakers believe such changes could unlock opportunities for millions. “We are hopeful that such actions will help the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement,” they wrote.
What’s Next
For now, the SEC’s response remains to be seen. But the pressure is building. With the White House backing broader retirement options and Congress aligning on investor reform, the debate over crypto in 401(k)s is heating up. What happens next could reshape how Americans prepare for retirement in a digital age.
Disclaimer
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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