A proposed rule would allow wealthy investors to unload crypto assets at the expense of average Americans.
Last year, President Donald J. Trump issued an executive order calling for policies that allow everyday Americans to invest in private equity funds, crypto assets, and other “alternative assets” through their retirement plans. In response, the U.S. Department of Labor recently proposed a rule designed to protect retirement plan administrators from claims that they failed to satisfy their fiduciary duties to plan beneficiaries by adding these assets to 401(k) plans.
But crypto assets have no place in the 401(k) plans of hardworking Americans. The Labor Department should instead revert to the sensible guidance it issued in 2022,…
