A bipartisan group of nine U.S. lawmakers has formally urged the Securities and Exchange Commission (SEC) to accelerate the implementation of a recent executive order aimed at incorporating cryptocurrencies and other alternative assets into retirement investment portfolios. The directive, issued last month, calls for regulatory agencies to modernize retirement plan options by including digital assets.
In a collective letter to SEC Chairman Gary Gensler, the legislators emphasized the growing demand for diversified investment strategies among American retirees. They argued that providing access to cryptocurrency within 401(k) plans and similar retirement vehicles would align with evolving financial markets and investor preferences. The lawmakers highlighted the importance of establishing clear regulatory frameworks to ensure investor protection while facilitating innovation.
The push reflects increasing legislative interest in integrating digital assets into traditional financial systems. Proponents believe regulated crypto exposure could offer retirement savers potential growth opportunities, though they acknowledge the need for robust safeguards against volatility and fraud. The SEC has not yet publicly responded to the request, but industry observers anticipate heightened regulatory discussions in coming months.
This development occurs amid broader governmental efforts to create comprehensive digital asset policies. Should the SEC act on the lawmakers’ recommendations, it could mark a significant step toward mainstream financial adoption of cryptocurrencies in the United States.
