US government shutdown hinders SEC’s 401(k) investment rule changes, says SEC’s Atkins
Crypto Briefing
The US government shutdown is delaying the SEC's proposed 401(k) rule changes allowing alternative asset investments, according to SEC Chair Paul Atkins.Summary
SEC Chair Paul Atkins stated in an interview that the ongoing US government shutdown is slowing down the SEC's rulemaking processes. Specifically, proposed changes to 401(k) investment regulations, which aim to expand access to alternative assets like private credit and cryptocurrency for retirement plans and accredited investors, are being delayed. The federal impasse is also causing holdups in approvals for certain financial products, such as spot ETFs for digital assets, despite companies continuing with public offerings.
(Source：Crypto Briefing)