If you’ve lucky enough to have a 401k retirement plan offered by your employer, beware. Private equity and cryptocurrency interests want a big piece of it.

SUMMARY

What are we talking about?

Private equity (PE) refers to firms that make monetary investments from wealthy individuals, pension funds and university endowments in companies that are not publicly traded.

Cryptocurrencies are a form of digital currency (also called “digital assets”) that allows people to make payments directly to each other through an online system that is not controlled by any one person, organization or nation state.

What happened? 

Donald Trump signed an Executive Order on August 7 that would allow 401k workplace retirement funds totalling $12 trillion to invest in private equity firms and cryptos.

How did this happen?

Private equity corporations and cryptocurrency exchanges and their respective billionaire owners and investors donated massive sums in the 2024 political election - targeting Trump and pro-crypto Congressional candidates.

Why did this happen?

Private equity and cryptocurrencies pushed hard for these changes, to be sure, to increase their profits, but in the case of cryptos, to gain credibility. 

What can we do about it?.

If you have a 401k, communicate to your employer that you don’t want a nickel of your hard earned retirement fund invested in risky, opaque and expensive ventures.

Support enacting  HJR54, the We the People Amendment.

The We the People Amendment is the most fundamental and comprehensive solution to the deep, systemic crises we’re facing—not just the corrupting influence of money in politics, but the entire framework of corporate rule that has hijacked our democracy.

Right now, every front of justice is under assault: climate collapse, immigration, endless war, healthcare, workers' rights. And while those fires need to be fought—we also need to step back and name the arsonist.

Corporations, armed with constitutional rights they were never meant to have, are behind the curtain of every major injustice. 

Labor is the only organized group that has consistently stood for worker's rights over corporate rule. Scores of economic, social and political justices have been championed by individual workers and organized working people who are members of labor unions -- sometimes working alone and other times in coalition with other organizations representing those who have been historically oppressed. 

The August recess is upon us, and this is a critical time to push for the We the People Amendment (House Joint Resolution 54)! 

As Congress heads back to their districts, your Representatives will be more accessible than ever—and it's the perfect opportunity for YOU to ask them to co-sponsor the amendment. Whether you're a seasoned advocate or just starting out, this is your moment to take action. Learn how!

Shaker Heights Democracy Day - September 8

In 2016, Shaker Heights voters passed, with an 82% “yes” vote, Issue 95 in support of a 28^th amendment to the U.S. Constitution, stating that:

• Only human beings, not corporate entities have constitutional rights, and
• Money is not speech, so money spent on elections can be regulated.

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Move to Amend’s effort to end political corruption and create justice and democracy by passing the We the People Amendment was among THE most important and repeated messages at the national Money Out of Politics rally on July 27 on the steps of the Lincoln Memorial in Washington, DC.

A nearby lightning-strike and monsoon-like rain one hour into the rally led the National Park Service to cut short the event – but not before 3 people spoke, including MTA Co-Director Greg Coleridge.

Read Greg’s speech HERE

On July 27, Move to Amend is proud to cosponsor the March for Integrity rally in Washington, D.C., alongside a coalition of organizations committed to ending the corrupt influence of money in politics.

This is a crucial moment for all of us who believe that real democracy can only be achieved when corporations no longer hold constitutional rights, and when our elected officials are accountable to us—the people.

Medicaid Cuts are HERE as Part of Project 2025!

The worst-case scenario is unfolding before our eyes: The “One Big Baneful Bill Act,” which includes historic cuts to Medicaid as a core component of Project 2025, has just passed Congress and been signed into law on July 4, 2025. This is not a future threat; it is our current reality.

July 27th, Washington D.C. (and Nationwide) - March for Integrity 

Move to Amend is proud to partner in the March for Integrity on July 27, a nationwide day of action led by the Money Out of Politics Movement. 

The massive rally in Washington, D.C. and across all 50 states will demand an end to lobbyist gifts, congressional stock trading, and big money in politics - and to call for the passage of the We The People Amendment. More info on how to Pledge to March and join a local action here.

A Move to Amend representative will be among the speakers at the DC action.