U.S. Labor Department Lifts Restrictions on Crypto in 401(k)s

The U.S. Labor Department has overturned its previous restrictions on cryptocurrency investments within 401(k) plans, marking a significant shift in regulation and potentially impacting retirement portfolios. Secretary Lori Chavez-DeRemer announced this decision in October 2023, signaling the return of discretion to financial fiduciaries. This move allows them to decide on crypto allocations without interference from federal guidelines.