The Republican Party in the United States has proposed a bill intending to codify Trump’s executive order allowing 401(k) to invest in Crypto Assets and private sale.

[The Republican Party in the U.S. proposed a bill to legalize Trump's executive order allowing 401(k) investments in crypto assets and private sales] U.S. Congressman Troy Downing will introduce a new bill called the Retirement Investment Choice Act on Tuesday, aimed at legislating the executive order previously signed by President Trump to include crypto assets and private sales in the investment scope of 401(k) retirement plans. The bill was co-sponsored by four Republican lawmakers, including Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. Downing stated that this move would allow more American savers to access high-potential alternative assets. Previously, the Biden administration had been cautious about including Crypto Assets in retirement plans.

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