The new Republican bill in the United States aims to enshrine Trump's executive order allowing 401(k) investments in cryptocurrency into law

ChainCatcher news, according to The Block, a new bill in the U.S. House of Representatives will implement an executive order signed by President Trump, which directs the Department of Labor to pave the way for including cryptocurrency and private equity investments in 401(k) retirement plans.

Informed sources revealed that Republican Congressman Troy Downing from Montana will introduce the bill on Tuesday, titled the "Retirement Investment Options Act." The source stated, "The focus of the bill is to codify the executive order and give it long-term effect. The core driving force of the bill is to promote financial democratization and allow more people to access these alternative investments." The bill has four Republican co-sponsors: Representatives Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. According to sources, there is currently no corresponding version of the bill in the Senate.