On September 22, 2025, a bipartisan group of nine U.S. House lawmakers, members of the Financial Services Committee, sent a letter to SEC Chairman Paul Atkins urging the agency to swiftly implement the executive order signed by President Donald Trump on August 7, 2025. This order, titled "Democratizing Access to Alternative Assets for Investors in 401(k) Plans," seeks to expand investment options in 401(k) retirement plans — which manage around $12.5 trillion — to include alternative assets such as cryptocurrencies, private equity, and real estate. The order directs the Department of Labor and the SEC to review existing regulations and guidance under ERISA law to facilitate this access, with the aim of improving diversification and returns for retirement savers. The lawmakers' letter, which includes figures such as French Hill and Maxine Waters, also calls for the SEC to incorporate bipartisan legislation on accredited investors into its rulemaking process. This news coincides with Trump's commitment to position the U.S. as the "global cryptocurrency capital".