Nine US lawmakers urged SEC Chair Paul Atkins to expedite the executive order aimed at integrating cryptocurrencies into US 401(k) retirement plans. In their request, they emphasized the importance of making alternative assets like crypto accessible to help the 90 million Americans currently limited in their investment options, advocating for adjustments to current regulations. This push comes after a caution from the Labor Department regarding fiduciaries incorporating cryptocurrencies into retirement funds. The lawmakers argue that a modest allocation of funds into crypto from retirement plans could lead to significant investment inflows. Implementing the executive order could position crypto as a legitimate long-term investment strategy within retirement markets, potentially bringing approximately $93 billion into the crypto market. Their collaborative efforts reflect a bipartisan initiative to enhance retirement portfolio options for investors and adapt to evolving market trends.

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