Overview

• House Financial Services Chair French Hill and colleagues sent a letter urging the SEC to act on Executive Order 14330 to expand 401(k) investment options.
• The request asks the SEC to coordinate with the Department of Labor to revise regulations and guidance for participant-directed retirement plans.
• Lawmakers say the policy could allow exposure to cryptocurrencies alongside other alternative assets when plan fiduciaries deem them appropriate.
• The letter references rethinking accredited-investor and qualified-purchaser definitions and points to bipartisan legislation advancing in Congress.
• The authors argue broader access could improve risk‑adjusted retirement outcomes and benefit tens of millions who currently cannot invest in crypto or other alternatives.