U.S. lawmakers urge SEC to allow retirement funds to invest in virtual assets

Source
JH Kim

Summary

  • U.S. lawmakers reportedly requested that the SEC allow 401(k) retirement plans to invest in virtual assets.
  • They said the request is intended to implement President Donald Trump's executive order.
  • The SEC said it is currently reviewing the request and that the specific timing and scope of implementation are undecided.

On the 22nd (local time), according to WatcherGuru, a media outlet specializing in virtual assets (cryptocurrencies), U.S. lawmakers asked the Securities and Exchange Commission (SEC) to open 401(k) retirement plans to virtual assets. This is intended to implement President Donald Trump's executive order.

The SEC said it is currently reviewing the request, and the specific timing and scope of implementation have not yet been announced.

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JH Kim

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