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The proposed rule change seeks to enable Americans to invest in products like crypto that better reflect the current investment landscape, Labor Secretary Lori Chavez-DeRemer said.The US Department of Labor has proposed a rule change seeking to expand investment options in 401 retirement plans, including crypto, moving the country one step closer to implementing US President Donald Trump’s executive order in August.
of the document detailing the factors that retirement managers should consider when incorporating crypto and other alternative investments into client portfolios. The draft defined digital assets as “a new form of investing that includes a wide variety of assets that can be stored and transmitted digitally, including cryptocurrencies such as bitcoin and other tokens.” The proposal could unlock trillions of dollars in retirement capital for the digital asset sector, further legitimizing it as a mainstream investment vehicle while expanding institutional participation in the asset class.the “proposed rule will show how plans can consider products that better reflect the investment landscape as it exists today.” “This greater diversity will drive innovation and result in a major win for American workers, retirees, and their families.”by Trump in August, directing the Labor Department, Securities and Exchange Commission and Treasury Department to expand investment options in 401s and revise related regulations.added on Monday that broadening American investors’ access to well-diversified, long-term investments that harness innovation and economic growth is a “critical priority for effective retirement planning.”an investment bank that has made an aggressive push into crypto this year, told its 16,000 financial advisers — who collectively manage $6.2 trillion in client assets — in October that they canCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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Crypto, private equity would be options for 401(k)s under Trump ruleA Labor Department proposal would allow more retirement investment in “alternative assets,” a win for Wall Street that critics say is risky for investors.
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U.S. rule change may open trillions in 401(k) funds to cryptoThe Labor Department on Monday proposed a rule following an executive order from President Donald Trump that directed regulators to expand access to digital assets in retirement portfolios.
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