The White House Office of Information and Regulatory Affairs has completed its review of a Department of Labor proposal that could allow $12 trillion in 401(k) assets to be invested in alternative assets, including cryptocurrencies. The review, finalized on March 24, enables the Employee Benefits Security Administration to publish the rule for public comment soon. This proposal stems from an August 2025 executive order by President Donald Trump, which directed federal agencies to reassess restrictions on alternative assets in retirement plans. The proposed rule aims to address fiduciary liability concerns for plan sponsors considering volatile or illiquid asset classes. It is expected to provide legal assurances that including such options, with proper due diligence and disclosure, would not breach fiduciary obligations under the Employee Retirement Income Security Act of 1974. Despite the regulatory shift, a survey indicates that nearly half of retirement investors oppose the inclusion of alternatives like crypto in 401(k) plans, with many expressing caution over potential risks.