US Labor Department Reverses Stance on Crypto in 401(k) Plans
TL;DR Summary
The Labor Department has reversed its previous guidance that discouraged including cryptocurrencies in 401(k) plans, returning to a neutral stance and emphasizing that investment decisions should be made by fiduciaries, not regulators.
- DOL pulls guidance discouraging crypto in 401(k)s Politico
- Trump administration axes Biden-era barrier for crypto in 401(k) plans CNBC
- US Department of Labor rescinds 2022 guidance on Cryptocurrency in 401(k) Plans U.S. Department of Labor (.gov)
- US opens door to retirement savers purchasing crypto tokens Financial Times
- Labor Department reverses course on crypto in 401(k) plans The Hill
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
87%
238 → 32 words
Want the full story? Read the original article
Read on Politico