Labor Dept. Sends Final 401(k) Crypto Rule to White House

The significance here is procedural rather than substantive: the rule has cleared internal drafting and now sits with the White House, the last gate before publication, so the actual conditions fiduciaries would face remain unseen. The parties most exposed are plan sponsors and recordkeepers weighing whether to add crypto options, since the safe harbor—not the underlying asset—determines their legal cover. The open question is how restrictive those conditions turn out to be, and whether the review produces changes before the text becomes public.