A coalition of U.S. lawmakers is pressing the Securities and Exchange Commission to unlock 401(k) plans for cryptocurrency investments, potentially unleashing up to $240 billion from America’s $12 trillion retirement market. The push, led by House committee chairs French Hill and Ann Wagner, seeks to implement a Trump-era executive order that would allow retirement funds to allocate to digital assets like Bitcoin, Ethereum, and XRP. This regulatory shift comes as decentralized exchange First Ledger provocatively compared XRP’s long-term value potential to traditional retirement accounts, highlighting the growing convergence between traditional finance and digital assets.
about Lawmakers Push 401(k) Crypto Access, Billions at Stake