US Labor Department Removes Bitcoin Retirement Rule, Opening Doors for Crypto in Savings Plans

The U.S. Department of Labor has reversed its previous stance on Bitcoin within retirement accounts, removing a rule that discouraged it. This decision, driven by significant lobbying from industry groups and Senator Tommy Tuberville, signals a broader acceptance of cryptocurrencies in retirement savings. While the market reacts cautiously to this development, potential changes are expected across investment offerings in the sector.