SEC Chair Paul Atkins said the time is right to permit cryptocurrency in 401(k) retirement plans, noting necessary custody and valuation conditions are now in place. His support signals growing regulatory confidence that could open retirement accounts to digital-asset exposure.
Sen. Elizabeth Warren criticized a U.S. policy allowing cryptocurrencies in 401(k) and other defined‑contribution plans, warning Americans could "lose big" if safeguards are not put in place. Her remarks mark a sharp pushback that could spur regulatory and legislative scrutiny.
Congress has urged the SEC to revise rules so Bitcoin and other cryptocurrencies can be offered as investment options in 401(k) retirement plans, arguing savers should have access to long-term crypto exposure. The request sets up a regulatory review with potential implications for custody, fiduciary duties, and new retirement products.