"every American preparing for retirement should have access to funds that include investments in alternative assets"
"Given these directives, we encourage the SEC to provide swift assistance to the Secretary of Labor and to make any necessary revisions to its current regulations and guidance,"
"We also request the SEC review bipartisan legislation being advanced in the 119th Congress concerning accredited investors. We are hopeful that such actions will help the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement."
Executive Order 14330 directs the SEC and Department of Labor to update regulations so retirement savers can diversify beyond traditional stocks and bonds and access alternative assets. A coalition of House Republicans urged the SEC to swiftly implement the order to allow millions of Americans to gain exposure to Bitcoin and other alternative assets inside 401(k) plans. Lawmakers said current guidance blocks roughly 90 million Americans from investing in asset classes long reserved for the wealthy and requested the SEC assist the DOL and revise regulations. The letter also asked the SEC to review bipartisan accredited investor legislation in the 119th Congress.
Read at Bitcoin Magazine
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