Trump Labor Dept. Ditches “Extreme Care” Crypto Warning, Paving the Way for 401(k) Bitcoin Bets
- The Trump Administration removes Biden-era guidance discouraging the inclusion of crypto investment options in 401(k) retirement plans.
- The Labor department returns to a neutral stance leaving crypto inclusion decisions up to fiduciaries.
- Critics warn the move could expose retirement investors to heightened risks from crypto market volatility.
The Trump Administration has officially rescinded Biden-era guidance from the Department of Labor (DOL) that urged employers to exercise “extreme care” before offering cryptocurrency investments as an option to workers in their 401(k) retirement plans. While not an outright ban, the 2022 guidance warned fiduciaries that they could be held liable for losses incurred…
