While Bitcoin (BTC) continues its movements around $70,000 amid the inconclusive US-Iran talks, an important statement concerning cryptocurrencies has come from the White House.
According to The Block, the White House has approved a review of the rule that could open the door to cryptocurrency investments in the 401(k) market, which is worth more than $10 trillion.
Accordingly, a bill allowing cryptocurrencies in 401(k) retirement plans in the US has passed White House review and is one step closer to publication.
The White House Office of Information and Regulation (OIRA) has completed its review of the proposal, paving the way for the Department of Labor (DOL) to formally release it in the coming weeks.
At this point, the Ministry of Labor is expected to officially announce the revised regulations in the coming weeks.
A positive decision from the ministry could mean a flow of over $10 trillion into cryptocurrency investments from defined contribution schemes such as 401(k).
This development follows a presidential executive order signed by President Donald Trump last August, which aims to allow 401(k) plans to invest in alternative assets such as cryptocurrency, real estate, and private equity.
The executive order also tasked the SEC, the Treasury Secretary, and other federal agencies with exploring ways to facilitate access to alternative investments, including digital assets, in retirement plans.
Trump continues to make these moves in line with his goals, announced in May 2025, to make America a global center for Bitcoin and cryptocurrencies.
In contrast, the previous Biden administration opposed the integration of cryptocurrencies into retirement plans, stating that volatility could wipe out all funds and threaten economic stability.
*This is not investment advice.