On June 1, the US Blockchain Association submitted a comment letter supporting the US Department of Labor's proposed rule to allow cryptocurrency investment in 401(k) retirement accounts.

This proposed rule is a measure to implement Executive Order 14330 of the Trump administration, titled 'Expanding Alternative Asset Access for 401(k) Investors.' Through this proposed rule, the US Department of Labor reaffirmed its existing position that the Employee Retirement Income Security Act (ERISA), a corporate retirement pension law, does not discriminate against specific asset classes.

In its comment letter, the Blockchain Association stated, "This proposed rule provides workers with the opportunity to gain exposure to the digital asset economy equally with institutional and professional investors, if the pension fiduciary deems it appropriate."

It further added, "ERISA provides fiduciaries with asset-neutral standards and allows exposure to digital assets as part of a balanced retirement portfolio," emphasizing the necessity of the rule revision.