Proposed republican legislation seeks to establish Trump’s Bitcoin and crypto 401k directive as federal law

Rep. Troy Downing (R-MT) is proposing legislation to codify Trump’s executive order regarding alternative assets in retirement savings plans. This initiative intends to make membership in alternative investments a federal mandate, allowing greater access to Bitcoin and cryptocurrencies.

The $25 trillion retirement industry could see significant investment flow into crypto, potentially enhancing savings for retirees while also posing risks. Downing emphasizes the transformative potential of alternative assets for American financial security.