US Labor Department Lifts Ban on Bitcoin in Retirement Accounts

The US Labor Department has reversed its stance on cryptocurrencies in 401(k) plans, paving the way for increased investment in Bitcoin and other digital assets within retirement portfolios. This significant move follows years of debate over cryptocurrency’s role in retirement savings and was driven by advocacy from organizations like Senator Tommy Tuberville. The withdrawal removes regulatory barriers, potentially leading to a higher proportion of Bitcoin allocation in retirement accounts.