Republican Bill Aims to Make Trump's Bitcoin and Crypto 401K Order Federal Law
Rep. Troy Downing (R-MT) plans to introduce the Retirement Investment Choice Act, which would codify President Trump’s executive order allowing 401(k) plans to offer alternative assets, including cryptocurrencies like Bitcoin. The bill would enshrine Trump’s directive—stating that Americans should have access to crypto-exposed investment vehicles in retirement accounts when deemed suitable by providers—into federal law. Downing argues this move could boost the financial security of retirees and expand investment options in the $25 trillion U.S. retirement savings industry. Analysts predict significant capital could flow into digital assets if 401(k)s open to crypto. Currently, only Bitcoin and Ethereum ETFs are available on Wall Street, though more crypto products are expected soon. Publicly traded companies are increasingly investing in cryptocurrency treasuries, with their stock prices closely tied to crypto market performance. Still, there is uncertainty over the bill’s passage, as similar legislation related to crypto has stalled despite Republican control in Washington.
