The Labor Department on Monday proposed a rule prompted by an August 2025 executive order from President Donald Trump that directed regulators to expand access to digital assets in retirement portfolios. If adopted, the rule would allow 401(k) plan providers to include a broader mix of assets, including cryptocurrencies, private equity and real estate. Labor Secretary Lori Chavez-DeRemer said the proposal would show how plans can reflect the investment landscape as it exists today, and the move would mark a shift in how retirement plans are built, allowing assets such as digital tokens and private-market funds not traded on public exchanges.
Trump’s executive order went further, calling for digital assets to be treated on par with other investment options. Some lawmakers and financial advisors have criticized the plan, warning of higher risks and fees for workers. Senator Elizabeth Warren said the move could expose workers to losses while benefiting large financial firms. With trillions of dollars in 401(k) plans, even a modest shift into digital assets could meaningfully boost crypto funding.
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