A coalition of House Republicans is actively pushing the Securities and Exchange Commission (SEC) to implement President Trump’s Executive Order 14330, signed on August 7. This order is designed to broaden investment options within 401(k) retirement accounts, potentially allowing millions of Americans to gain exposure to Bitcoin and various other alternative assets. The core directive of the executive order is for the SEC and Department of Labor (DOL) to revise existing regulations, thereby enabling retirement savers to diversify their portfolios beyond traditional stocks and bonds.

The policy explicitly champions the idea that “every American preparing for retirement should have access to funds that include investments in alternative assets,” provided that plan fiduciaries deem such investments appropriate. This significant shift could grant everyday savers the freedom to allocate a portion of their retirement savings into assets they believe have long-term potential, notably including Bitcoin.

In a formal letter addressed to SEC Chairman Paul Atkins, Chairman French Hill, Rep. Ann Wagner, and seven other lawmakers commended Trump’s executive order for its potential to democratize investing. They urgently requested regulators to update current guidance that presently restricts approximately 90 million Americans from investing in asset classes typically reserved for the wealthy. The letter emphasized, “Given these directives, we encourage the SEC to provide swift assistance to the Secretary of Labor and to make any necessary revisions to its current regulations and guidance.”

Furthermore, the lawmakers requested that the SEC review bipartisan legislation being advanced in the 119th Congress concerning accredited investors. They expressed optimism that such actions would empower the 90 million Americans currently unable to invest in alternative assets to secure a more dignified and comfortable retirement. While “alternative assets” encompass a broad range, including private equity and venture capital, the executive order specifically creates a potential regulatory pathway for Bitcoin to be included in tax-advantaged retirement plans.

Several committee members, including Rep. Warren Davidson, have been vocal advocates for integrating Bitcoin into mainstream financial infrastructures. They frame Bitcoin as both a crucial hedge against monetary debasement and a valuable tool for long-term savings. The bipartisan legislation mentioned also aims to modernize the definition of an “accredited investor,” which has historically been a barrier preventing ordinary Americans from accessing private markets and digital assets.

If successfully implemented, this executive order could signify a watershed moment for Bitcoin adoption across the United States. For decades, American retirement savers have largely been confined to assets denominated in fiat currency, a system inherently prone to losing purchasing power over time. Opening 401(k) plans to Bitcoin would provide savers with an opportunity to directly align their long-term wealth with a provably scarce, non-sovereign asset. SEC Chair Paul Atkins is anticipated to discuss the executive order and its implications for retirement savers during an appearance on Fox Business tomorrow.