Your 401(k) Just Got A Bitcoin Upgrade
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The U.S. Department of Labor has officially rescinded its 2022 guidance that warned against including cryptocurrencies in 401(k) investment menus, marking a dramatic reversal that could unlock billions in retirement savings for digital asset investments.
2022 Guidance Eliminated
The original March 2022 release directed plan fiduciaries to exercise “extreme care” before adding cryptocurrency options to retirement plans—a standard the DOL now acknowledges doesn’t exist under federal law. This guidance effectively discouraged most employers from offering crypto investment options in their workplace retirement plans.
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