US House of Representatives introduces bill to allow cryptocurrency investments in 401(k) plans, enacting Trump's executive order

A U.S. House of Representatives member has introduced a bill to enact the executive order issued by President Donald Trump into law, political media outlet Politico reported on the 14th (local time).
According to reports, if this bill is passed, investments in "alternative assets," including crypto assets, will be officially permitted in the US retirement pension system "401k."
Republican Representative Troy Downing introduced a bill to give legal effect to President Trump's Executive Order 14330 to the House Financial Services Committee.
In the executive order filed on the 7th of last month, President Trump stated that "all Americans preparing for retirement should have access to funds, including alternative assets, as plan fiduciaries deem appropriate."
The Executive Order defines "alternative assets" as including private market investments, real estate, raw materials, infrastructure projects, lifetime income strategies, and digital assets through managed investment products.
Presidential orders indicate the government's policy direction, but they are not legally binding and may be revoked by the successor administration or by the courts. Therefore, in order to have permanent effect, they must be passed by the Diet.
The bill was introduced during a partial government shutdown, and Congress has suspended funding.
Even in these circumstances, bills can be submitted and debated.