Rule expanding 401(k) access to crypto moves to final White House review
Crypto 401(k) rule heads to the White House as Bitcoin drops to $75K, Russia opens retail trading, and Warren eyes Senate Banking chair.
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Crypto is crashing into the walls of traditional finance from every direction at once.
Governments that once ignored digital assets are now writing them into retirement law and banking rules.
Meanwhile, markets are bleeding, with billions wiped across stocks and crypto alike.
The tension between adoption and regulation has never been sharper.
Rule expanding 401(k) access to crypto moves to final White House review
A proposed rule letting Americans hold crypto in their 401(k) plans just hit the president's desk.
The move traces back to a 2025 executive order, and clears the last major bureaucratic hurdle before becoming policy.
If finalized, tens of millions of retirement savers could soon allocate a slice of their nest egg to digital assets.
Markets
Broad selloff drags crypto lower as Treasury yields climb on hot jobs data
October's blowout jobs report sent the 10-year Treasury yield higher, rattling risk assets everywhere.
The S&P 500 shed $4 trillion while over $210M in crypto longs were liquidated in just 30 minutes.
Prospects of a Democratic Congress added pressure, with analysts warning crypto legislation could stall.
BTC slipped below $76K, ETH fell near $2,200, SOL dropped below $91, and XRP sank toward $1.18.
Russia's central bank greenlights Bitcoin, Ether and USDT trading for retail investors
Starting November 17, ordinary Russians can buy BTC, ETH and USDT through regulated exchanges.
The Bank of Russia directive lets non-qualified investors access approved crypto assets for the first time.
One of the world's largest economies just turned its retail population into potential crypto buyers.
Elizabeth Warren set to chair Senate Banking Committee, putting crypto in her crosshairs
Senator Elizabeth Warren is on track to lead the Senate Banking Committee when the new Congress convenes in January.
She would replace Republican Tim Scott, shifting the panel's tone sharply toward tighter oversight of Wall Street and digital assets.
Crypto firms lobbying for friendlier legislation in Washington may need to recalibrate their timelines.
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That’s a wrap.
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