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Crypto One Step Closer To 401(k) Inclusion As Proposal Passes White House Review

Crypto One Step Closer To 401(k) Inclusion As Proposal Passes White House Review

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Cryptocurrencies are one step closer to being included in retirement plans following a White House review of a Labor Department proposal.

The Office of Information and Regulatory Affairs website says that on March 24 it concluded its review of the Labor Department’s proposal to offer fiduciary guidance for the inclusion of alternative assets, such as cryptocurrencies, private equity and real estate, in 401(k)s.

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The conclusion of the review process paves the way for the proposal to be published for public comments, which typically last 60 days and may be followed by amendments and another OIRA review before…

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