Are Retirement Plans Ready for Crypto?
Is it about time that U.S. retirement plans embraced cryptocurrencies?
Yes, indeed! U.S. lawmakers are lobbying for President Trump’s order, which focuses on securing cryptocurrencies and alternative assets into 401(k) plans. The order, “Democratizing Access to Alternative Assets for 401(k) Investors,” is set to empower the Department of Labor (DOL) and the SEC to explore including cryptocurrencies and other alternative assets in employer-sponsored retirement plans.
What’s the new DOL mandate?
To review existing guidance and clarify how fiduciaries can integrate these assets, all while sticking to legal standards and risk management practices, all within 180 days. It also pushes for “safe-harbor” protections for sponsors and…
