US 401(k) Crypto Rule Reaches White House as Experts Weigh Whether Altcoins Can Qualify

The U.S. Labor Department sent its 401(k) alternative assets rule to the White House for review on Thursday. The proposal names no specific cryptocurrencies and sets no minimum market cap. Plan managers must weigh six factors including fees, liquidity and valuation. Experts expect Bitcoin and Ether first, likely via ETFs.