U.S. Regulators Advance 401(k) Rule Adjustments, Potentially Allowing Crypto Assets in Retirement Accounts
Svmuu News According to 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 fiduciary duty guidance regulated by ERISA, allowing plan sponsors to include crypto assets and private equity as investment options. The proposal stems 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, the rule is deemed "economically significant" and still awaits further advancement.
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