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Crypto 401(k) rule and SEC broker proposal reach White House review

Two federal rules tied to crypto have gone to the White House for review. One would let 401(k) plans offer crypto, and the other covers financial rules for crypto brokers.

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Photo: 颐园居, CC BY 4.0, via Wikimedia Commons

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On Thursday, the Office of Information and Regulatory Affairs (OIRA), the White House office that reviews rules, received a final Labor Department rule. The rule would set up a fiduciary safe harbor covering crypto, real estate and private equity as choices in 401(k) plans. A safe harbor is a legal protection for plan managers who meet certain conditions.

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The arrival at OIRA puts public release of the rule within reach.

In numbers

  • 3235-AN48SEC proposal identifier

Bitcoin, the past month

$75,670down −11.51%

$85,540$75,6917 Oct6 Nov

Crypto

In a separate step, the White House has started to review a proposal from the SEC on financial requirements for broker-dealers that deal in crypto. OIRA files it under the identifier 3235-AN48. The agency's own regulatory agenda lists Rules 15c3-1 and 15c3-3, which cover how much capital brokers must hold and how customer assets are protected.

Bitcoin$75,670down −11.51%over 1 month
$85,540$75,6917 Oct6 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

$1,000 in Bitcoin

Had you put $ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: 颐园居, CC BY 4.0, via Wikimedia Commons

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