U.S. Representative Troy Downing has introduced a bill to codify President Trump's Executive Order 14330, which would allow cryptocurrency investments in the $12 trillion 401(k) market. This legislative move aims to provide legal backing to the executive order, potentially embedding digital assets into federal retirement law. If successful, the bill could lead to a significant influx of capital into the crypto market, with analysts predicting a $12.2 billion boost from just a 1% allocation of 401(k) assets.
The bill, however, may face delays due to potential government shutdowns and regulatory challenges. Proponents argue that it would broaden investment options for 9 million retirement plan participants. Meanwhile, Bitcoin Hyper, a Layer 2 solution for Bitcoin, is gaining attention for its use of Solana's infrastructure to enhance scalability and transaction speed.
U.S. Bill Seeks to Integrate Crypto into 401(k) Plans
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