Yes, it can. The Washington Monument stands approximately 555 feet (169 meters) tall. The Gateway Arch in St. Louis rises to 630 feet (192 meters). With a clearance of about 75 feet, the entire monument would fit comfortably beneath the arch's apex.
This comparison highlights the Arch's staggering scale—it is the tallest man-made monument in the Western Hemisphere and the world's tallest arch.