US lawmakers, including French Hill and Ann Wagner, urge SEC Chair Paul Atkins to help speed up Trump’s executive order allowing crypto in US 401(k) plans. They hope this move will benefit the 90 million Americans unable to invest in alternative assets for retirement security. Source: Cointelegraph.

Implementing Trump’s EO could bring $100 billion into crypto from the $9.3 trillion US 401(k) market. A 1% allocation could spur $93 billion inflows, surpassing the $60.6 billion into spot Bitcoin ETFs. This move may position crypto as a long-term investment option, attracting more investors. Related: Ex-FTX exec’s plea deal court case.

Michigan Retirement System continues to build its crypto ETF holdings, investing $10.7 million in ARK 21Shares Bitcoin ETF and holding onto $15.6 million worth of Grayscale Ethereum Trust shares. Meanwhile, the State of Wisconsin Investment Board sold its entire BlackRock’s iShares Bitcoin Trust ETF stash in the first quarter. Magazine: Can Robinhood or Kraken’s tokenized stocks be truly decentralized?

Read more at Cointelegraph: US Lawmakers Ask SEC to Act on Trump’s Crypto 401(k) Plan