US Congress Urges SEC to Open Crypto in 401(k) Accounts

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 23, 2025

Key Takeaways

Nine US lawmakers asked the SEC to help revise rules so 401(k) plans can include cryptocurrency and other alternative investments;
The request supports an executive order from President Trump aimed at expanding access to non-traditional assets in retirement accounts;
Lawmakers said current limits block 90 million Americans from using crypto in 401(k)s, and easing those could improve retirement options.

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A group of US lawmakers has formally asked the head of the Securities and Exchange Commission (SEC) to help advance a plan that would allow cryptocurrency to be included in retirement savings accounts like 401(k)s.

In a letter sent on September 22, nine members of Congress, including French Hill and Ann Wagner, called on SEC Chair Paul Atkins to assist the Department of Labor in adjusting existing rules.

They aim to simplify access to alternative investments, such as digital currencies, for individuals managing their own retirement plans.

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The request is tied to an executive order signed by President Donald Trump in August. That order focuses on increasing access to non-traditional investment options by updating the application of investor qualifications in retirement accounts.

The lawmakers are encouraging the SEC to implement the changes outlined in that order.

They argued that current restrictions prevent many Americans from including these types of assets in their retirement planning. They noted that allowing access, when judged appropriate by plan managers, could help more people build stronger financial futures.

In their letter, the lawmakers stated that they hope this effort will benefit the roughly 90 million people who are currently unable to invest in such assets through their retirement plans.

In May, the Labor Department reversed its previous guidance, which had discouraged the use of cryptocurrency in 401(k) plans. That change opened the door for further action from other regulators, such as the SEC.

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