Labor Department Ends Cautionary Stance on Crypto in Retirement Plans

The U.S. Department of Labor’s Employee Benefits Security Administration rescinded a 2022 compliance release on Wednesday that previously discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans.

And this move was expected by the Trump administration, which has broadly rolled back litigation into digital asset exchanges over the sale of unregistered securities and has vowed to implement regulatory guidance to establish clear rules of the road, according to Sahel A. Assar, chair of the blockchain digital asset practice group at Buchanan Ingersoll and Rooney.