White House clears review of rule that could open path for crypto in $10 trillion 401(k) market
A proposed Labor Department rule allowing crypto in 401(k) plans has cleared White House review, nearing formal release.Summary
The Office of Information and Regulatory Affairs (OIRA) concluded its review of a proposed Department of Labor rule on March 24, moving it closer to publication. If finalized, this rule would amend fiduciary guidance under ERISA, potentially allowing plan sponsors to include cryptocurrency and private equity as designated investment alternatives within the $10 trillion 401(k) market. This action follows an executive order signed by President Trump last year, which directed the Labor Department to facilitate the inclusion of alternative assets like digital assets in participant-directed retirement plans. OIRA classified the rule as "economically significant," meaning it is expected to have an annual economic effect of $200 million or more.
(Source：The Block)