Crypto 401(k) Rule Enters Final White House Review

The significance here is procedural rather than substantive: a safe harbor shifts the legal question from whether crypto belongs in a 401(k) to whether the fiduciary followed a defensible process, which is a meaningfully lower bar than an outright prohibition. Plan sponsors and recordkeepers, not retail holders, are the parties most exposed to the change, since they bear the compliance burden. The open question is the final rule's actual scope — what counts as a qualifying process and which assets fall inside the framework — and whether litigation follows issuance.