Rep. Troy Downing (R-Mont.) is set to introduce a new bill that could integrate cryptocurrency and other alternative assets into U.S. retirement plans.
The bill, known as the Retirement Investment Choice Act, aims to make it legal for 401(k) holders to include crypto assets such as Bitcoin, private equity and similar investments in their portfolios.
U.S. Rep. Troy Downing will introduce the Retirement Investment Choice Act on Tuesday, aiming to codify former President Trump’s executive order that allows 401(k) retirement plans to invest in cryptocurrencies and private equity. The invoice would have been received…
-Wu Blockchain (@WuBlockchain) October 15, 2025
The proposal would codify former President Donald Trump’s executive order, which directed federal agencies to explore ways to expand investment options for retirement savers. The Department of Labor, the SEC, and Treasury have all been asked to help make this possible.
From decree to permanent law
Downing says his goal is to give Americans more control over how they create their wealth. “Alternative investments have the potential to strengthen the financial security of countless Americans saving for retirement,” he said in a statement.
He also praised Trump’s decision to “democratize finance,” calling the bill a step toward making these changes sustainable. The bill has four Republican co-sponsors, including Reps. Byron Donalds, Buddy Carter, Warren Davidson and Barry Moore. However, there is currently no Senate version.
A person familiar with the matter told news sources that the main goal of the new bill was to “give permanence” to Trump’s executive order. The goal is to ensure that Americans can maintain access to these investment options even if there is a change in administration.
What this means for investors
If passed, this bill could allow millions of Americans to diversify their retirement funds beyond traditional stocks and bonds. It would also mark a significant shift from Biden-era policy, which warned that crypto might be too risky for average savers.
Still, financial experts will likely question whether the benefits of higher potential returns outweigh the risks of volatility. For now, the move signals growing political support for cryptocurrency-friendly finance in Washington.
Disclaimer
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