U.S. Regulators Advance 401(k) Rule Changes, Potentially Allowing Crypto Assets in Retirement Accounts

Odaily News The U.S. Department of Labor's proposed rule to adjust 401(k) investment options has passed White House regulatory review and is expected to be released in the coming weeks. The rule may modify fiduciary duty guidance regulated by ERISA, allowing plan sponsors to include crypto assets and private equity as investment options. This proposal stems from an executive order signed by former President Trump, requiring relevant departments to promote the inclusion of alternative assets in the retirement account system. Currently, the rule is deemed to have "significant economic impact" and awaits further advancement. (The Block)