So, apparently, Republican Congressman Troy Downing is about to drop a bill that’ll turn Trump’s “Bitcoin and Crypto 401(k)” executive order into federal law. Because nothing says “financial security” like letting your retirement funds ride on the crypto rollercoaster. 🎢 A rep confirmed Downing’s big reveal is set for Oct. 21. Mark your calendars, folks-it’s gonna be a wild ride! 🚀
- Trump signed this executive order on Aug. 7, 2025, because why not let retirees gamble on “alternative assets”? Dubbed “401k crypto Trump,” because of course it was. 🤑
- Not just crypto-real estate and private equity are also on the menu. Because who doesn’t want their 401(k) tied to a strip mall in Ohio? 🏠
- If this bill passes, $12 trillion in retirement savings could flood the crypto market. That’s a lot of zeros… and potential tears. 😭
- Bitcoin treasury companies? Yeah, they’re sweating. Their whole schtick was letting people invest in Bitcoin indirectly. Now, who needs ‘em? 🤷♂️
Who’s This Troy Downing Guy?
Troy Downing, Montana’s gift to Congress since 2025, used to audit securities and insurance. Also, Air Force vet, NYU researcher, and entrepreneur. Quite the résumé-but does he know crypto isn’t a Ponzi scheme? 🤔 His first crypto-related bill in the House, the Retirement Investment Choice Act, is his big swing. Let’s see if it connects or strikes out. ⚾
Downing’s all about “reasonable regulatory frameworks”-aka, let’s not scare the crypto bros too much. But hey, he’s not totally clueless. He did say, “We don’t want another FTX fiasco.” No kidding, Troy. 🚨
“We need to make sure innovation is happening here in the United States of America. We need to make sure we have reasonable regulatory frameworks so that people want to develop things in the United States.” 🦅🇺🇸
– Congressman Troy Downing (@RepTroyDowning) July 15, 2025
Retirement Investment Choice Act: Supercharge or Suicide?
Downing’s bill promises to “supercharge” financial safety by letting retirees invest in crypto, real estate, and private equity. Because bonds and stocks are so last century. 🧓 Traditional retirement accounts? Boring. Trump’s order? Chaotic. But hey, who doesn’t love a little chaos in their golden years? 🌪️
The SEC, Labor Department, and Treasury are supposed to tweak rules so you can dump your pension into crypto. Because nothing says “retirement” like volatility. 📉
Bitcoin Treasuries vs. ETFs: The Battle for Your 401(k)
Bitcoin treasury companies are already struggling. Metaplanet, the 4th-biggest Bitcoin holder, saw its stock drop 97% from its peak. Ouch. 😬 Now, if $12 trillion gets unlocked for direct crypto investment, these companies might as well pack it in. Who needs middlemen when you can lose money directly? 💸
Metaplanet trading below NAV. TBH, I thought this was going to take longer. Metaplanet is the best-in-class international BTC DAT and the 4th largest BTC treasury holder.
The GOAT, $MSTR, still trades at c. 1.4x mNAV 🦄
– Sunqu (@Sunqu22) October 14, 2025
Bitcoin ETFs are already eating their lunch, and now this? Jack Mallers, CEO of Twenty-One Capital, tried to spin it: “We’re an operating company, not an ETF!” Sure, Jack. Good luck with that. 🤡
If this bill passes, direct crypto investment could be the nail in the coffin for these treasuries. Unless they offer free NFTs with every share. 🎁
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2025-10-16 19:26