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New GOP Bill Could Legalize Crypto in 401(k) Retirement Plans
Crypto in 401(k) Plans? A fresh legislative push in Congress could permanently open the doors for crypto exposure in American retirement accounts.
Retirement Investment Choice Act Targets Long-Term Policy Shift
In a bold move to reshape the $25 trillion U.S. retirement market, Representative Troy Downing (R-Mont.) has introduced the Retirement Investment Choice Act, a bill that aims to codify Executive Order 14330—a directive issued by President Donald Trump in August allowing “alternative assets,” including digital assets, in 401(k) plans.
While executive orders serve as temporary policy guidelines, they lack the permanence of law and can be overturned by future administrations or courts. Downing’s proposal would grant Trump’s order the “force and effect of law,” securing its longevity regardless of political shifts.
Crypto in Retirement: From Possibility to Policy
Trump’s executive order instructed the Department of Labor to update its policies, enabling retirement plan fiduciaries to offer crypto and other alternative investments when appropriate. The department has 180 days to propose regulatory changes, although ongoing government shutdowns could delay the timeline.
Industry advocates argue the shift would “democratize finance,” empowering Americans to diversify their retirement portfolios. The American Retirement Association and other groups back the bill, emphasizing that fiduciaries—not federal regulators—should determine investment suitability.
Billions in Potential Crypto Inflows
Analysts believe the bill could be a game-changer for digital assets. A mere 1% allocation from U.S. 401(k) accounts could inject $122 billion into crypto markets, according to Bitwise. A 3% allocation would triple that figure.
With record-breaking inflows into Bitcoin and Ethereum ETFs and growing political momentum, this legislation could mark a watershed moment for mainstream crypto adoption in retirement planning.
