Big Tech Selloff Pressures Apple Earnings

SEC Chair Supports Crypto in 401(k) Plans with Safeguards

• SEC Chair Paul Atkins supports allowing crypto investments in 401(k) plans with careful management and protective guardrails.
• Atkins mentioned that many Americans already have indirect exposure to crypto through professionally managed pension funds.
• The SEC has been providing technical assistance to congressional committees on crypto regulation for months.
• CFTC Chair Mike Selig is enthusiastic about legislation granting the CFTC authority to regulate spot markets for digital assets.
• Atkins described past SEC-CFTC coordination as lacking but emphasized current efforts to collaborate and support innovation.

The SEC aims to enable 401(k) plans to offer crypto access under professional management, while ongoing collaboration between the SEC and CFTC seeks to establish a regulatory “gold standard” for crypto markets.