The US Republican Party proposes a bill to codify Trump's executive order allowing 401(k) investments in cryptocurrencies and private equity.

Jinse Finance reported that U.S. Republican Congressman Troy Downing will introduce a new bill called "The Retirement Investment Choice Act" on Tuesday, aiming to legislate the executive order previously signed by President Trump, allowing cryptocurrencies and private equity to be included in 401(k) retirement plan investment options. The bill is co-sponsored by four Republican lawmakers, including Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. Downing stated that this move will enable more American savers to access high-potential alternative assets. Previously, the Biden administration had taken a cautious stance on including crypto assets in retirement plans.