US rule may open trillions in 401(k) to crypto

The U.S. Department of Labor has proposed a new rule that could allow 401(k) plans to include alternative assets like cryptocurrencies, private equity, and real estate. This proposal stems from a previous executive order by President Trump aimed at expanding digital asset access in retirement portfolios. If enacted, this change would represent a significant departure from traditional stock-and-bond-focused 401(k)s, potentially diversifying investments but also raising concerns about increased risks and fees for workers, as highlighted by critics like Senator Elizabeth Warren. The potential influx of capital into the crypto market could be substantial, given the trillions held in U.S. retirement savings.