White House Clears Path for Cryptocurrency in $10 Trillion 401(k) Market

The White House has completed a key regulatory review of a proposed rule that could open the $10 trillion U.S. 401(k) market to cryptocurrency investments.

The Office of Information and Regulatory Affairs (OIRA), part of the Executive Office, finished its review on March 24, clearing the way for the Department of Labor to proceed with formally publishing the proposal.

The rule would amend fiduciary guidance for retirement plans governed by ERISA, potentially permitting plan sponsors to include cryptocurrency and private equity as investment options within participant-directed 401(k) plans.