Crypto in 401(k) plans: Trump administration eases rules
President Donald Trump departs the White House on May 22, 2025. Trump is traveling to his Trump National Golf Club in Virginia where he is holding a dinner for the top investors in his $TRUMP cryptocurrency.
Kevin Dietsch | Getty Images News | Getty Images
The Trump administration on Wednesday relaxed barriers in 401(k) plans to buying cryptocurrency and related digital assets like NFTs and meme coins.
The Labor Department rescinded guidance put in place by the Biden-era Labor Department in 2022 that aimed to safeguard 401(k) investors from such digital assets.
At the time, the Biden labor officials cautioned employers to exercise “extreme care” before making crypto and related investments available to their workers. They cited “serious…
