U.S. Regulatory Advancements in 401(k) Rule Adjustments May Allow Crypto Assets to Be Included in Retirement Accounts

Odaily News According to a report from The Block, a proposed rule by the U.S. Department of Labor to adjust 401(k) investment options has passed White House regulatory review and is expected to be released in the coming weeks. This rule may revise the fiduciary duty guidelines governed by ERISA, enabling plan sponsors to include crypto assets and private equity as investment options. The proposal originates from an executive order signed by former President Trump, which required relevant departments to promote the inclusion of alternative assets in the retirement account system. Currently, this rule is classified as "having significant economic impact" and still awaits further advancement.