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A White House review has cleared a Labor Department proposal that could widen the path for crypto-linked exposure in 401 retirement plans.The White House’s Office of Information and Regulatory Affairs has completed its review of a Department of Labor proposal that could reshape how 401 fiduciaries evaluate alternative assets, including digital-asset exposure.
The OIRA’s website shows the review concluded on March 24, with the action marked “consistent with change” and the proposal classified as “economically significant.” The DOL is now expected to publish the proposed rule for a standard 60-day public comment period, which is usually followed by revisions and the issuing of a final rule.The order directed the DOL to reevaluate restrictions around alternative assets in defined-contribution plans, including digital assets, private equity and real estate. It also called for inter-agency collaboration between the US Treasury Department and the Securities and Exchange Commission on supporting rule changes. The completed review clears an interagency hurdle for a proposal that could widen the path for alternative assets in US defined-contribution retirement plans.that urged fiduciaries to be “extremely cautious” when considering crypto for 401 retirement plans, signaling a broader shift in the federal government’s stance toward retirement-plan exposure to digital assets. White House’s Office of Information and Regulatory Affairs concluded its review of the Department of Labor’s rule on alternative investments in retirement plans. Source:that would require certain state retirement and savings plans to offer a self-directed brokerage option with at least one crypto investment option by July 1, 2027.Cointelegraph 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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