The White House could allow cryptocurrencies in retirement plans
A proposal from the U.S. Department of Labor regarding the inclusion of cryptocurrencies in 401(k) retirement plans has been accepted for review by the White House
Last week, the White House accepted for review a proposal from the Department of Labor to allow cryptocurrencies in 401(k) retirement plans.
The Office of Information and Regulatory Affairs (OIRA) has already assessed the proposal and classified it as “economically significant.”
With the acceptance for review, a 60-day public comment period begins. This would be followed by an executive order from President Donald Trump on August 7, 2025, which would “urge federal agencies to expand access to alternative assets, including crypto assets, in 401(k) plans.”
By the end of September last year, the country’s retirement market reached a record $48.1 trillion in financial assets. “Meanwhile, states like Indiana are advancing their own initiatives to include crypto assets.”
Specifically, the state passed a law “that will require certain state plans to offer a cryptocurrency investment option by July 1, 2027. This would allow its citizens to include Bitcoin and other digital assets in their retirement portfolios for the first time.”
Although the U.S. government maintains a cautious stance regarding the use of cryptocurrencies in the retirement sector, it is currently showing greater openness, betting on positive results.
M.Pino
Source: bitcoin.es
(Reference image source: Jonathan Borba on Unsplash)
Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram
