US Congress pressures SEC: demands opening Bitcoin allocation in 401(k) plans

【Blockchain Rhythm】On December 12th, news came that the U.S. Congress is pressuring the SEC to approve including cryptocurrencies like Bitcoin in the investment scope of 401(k) retirement accounts.

Members of the House Financial Services Committee wrote a letter to SEC Chair Paul Atkins, with a clear core demand: the current securities regulations need to be updated. They believe digital assets should enjoy the same status as other alternative investments, allowing retirement savers to confidently allocate such assets. The language in the letter is quite straightforward— the existing framework is “outdated and overly restrictive,” directly blocking millions of Americans from accessing new asset classes.

More notably, Congress also proposed to revisit the criteria for “qualified investors.” Currently, this strict threshold effectively excludes many people from private and alternative markets. If this policy loosening really happens, it could mean ordinary investors will gain broader asset allocation channels, and the capital pool in the crypto market will expand accordingly.