The US Congress is moving rapidly to support President Donald Trump’s Executive Order 14330, signed on August 7, 2025, which is focused on “democratizing access to alternative assets, including crypto, for 401(k) Investors.”
This order mandates the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) to lower regulatory barriers that currently prevent investments in alternative assets—such as private equity, real estate, digital assets, and commodities—from being included in 401(k) retirement plans.
Congressional Push For Crypto In 401(k)s
In a joint letter signed by Republican Congressman French Hill and Democratic ranking member Maxine Waters of the House Financial Services Committee, lawmakers expressed their endorsement of the Executive Order.
They highlighted the importance of providing all Americans with access to alternative asset investments as a means to enhance net risk-adjusted returns on their retirement savings.
The letter emphasized that the Executive Order instructs the Secretary of Labor to work alongside the SEC to assess the need for regulatory adjustments. It also calls on the SEC to alter its guidelines to facilitate access to these alternative assets in participant-directed defined contribution retirement plans.
The legislators urged the SEC to act promptly, suggesting that revisions to existing regulations are essential to allow 90 million Americans currently restricted from investing in alternative assets to secure a more dignified retirement.
However, the implementation of this Executive Order may face further delays as the American Federation of Teachers (AFT) has publicly voiced its opposition to this initiative as well as to the proposed cryptocurrency market structure bill, which has already encountered notable delays in Congress.
AFT Raises Alarm Over Executive Order
As reported by Bitcoinist on Wednesday, December 10, AFT President Randi Weingarten criticized the Executive Order, describing it as “as irresponsible as it is reckless.”
The federation’s President further expressed significant concern over the alleged risks that this order poses to working families’ pensions and the broader economy.
Weingarten pointed out that the current draft of the order raises “deep concerns” regarding retirement plans, including those related to the union’s own pensions. Her argument centers on the fear that advancing crypto legislation could pave the way for widespread fraud and unethical practices within retirement schemes.
Among the specific worries mentioned by the AFT is a provision allowing non-crypto companies to issue stock on the blockchain, thereby circumventing established regulatory frameworks for securities.
Weingarten warned that this could lead to the erosion of traditional securities laws and potentially disastrous outcomes. She cautioned that retirement plans, including pensions and 401(k) accounts, might be invested in unsafe assets even under the guise of being traditional securities.
Featured image from DALL-E, chart from TradingView.com
