Press Release | May 29, 2026

WASHINGTON, D.C.—A proposed Department of Labor rule would put ordinary people’s retirement security at risk by loosening investor standards and establishing a so-called “safe harbor” for retirement plan managers (ERISA plan fiduciaries) to invest in volatile digital assets, a decision tainted by the president’s deep financial ties to the crypto industry, Democracy Defenders Fund said today.

In a formal comment filed with the Employee Benefits Security Administration, a DOL agency, DDF outlined how the proposed rule on “Fiduciary Duties in Selecting Designated Investment…