The U.S. Congress urges the SEC to allow the inclusion of Bitcoin and cryptocurrencies in 401(k) retirement plans.

Techub News reports, according to Cryptopolitan, members of the U.S. House Financial Services Committee have sent a letter to SEC Chairman Paul Atkins, urging the U.S. SEC to approve the inclusion of Bitcoin and other cryptocurrencies in 401(k) retirement plans. They pointed out that Americans saving for retirement deserve more investment choices, and the current rules are outdated and overly restrictive, preventing millions of people from accessing new asset classes. Furthermore, they emphasized the need to redefine the "accredited investor" standards. The current strict investor qualification rules limit participation in certain private and alternative investment markets.