House Committee on Financial Services members have sent a letter to Securities and Exchange Commission (SEC) Chairman Paul Atkins expressing support for Executive Order 14330, which allows 401(k) investors to access alternative assets, such as Bitcoin, and urges the SEC to take action to implement the executive order.
The letter states, “[W]e encourage the SEC to provide swift assistance to the Secretary of Labor and to make any necessary revisions to its current regulations and guidance. We also request the SEC review bipartisan legislation being advanced in the 119th Congress concerning accredited investors. 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.”