The U.S. Department of Labor has withdrawn its 2022 guidance limiting cryptocurrency investments in 401(k) retirement plans, removing restrictions on including Bitcoin and other cryptocurrencies. This move allows fiduciaries to make investment decisions based on potential returns rather than strict regulation. The change reflects a shift away from the ‘extreme care’ language previously employed by the Employee Retirement Income Security Act (ERISA). It signifies a return to the neutral position of neither promoting nor discouraging cryptocurrency investments in retirement savings plans. This decision could lead to 401(k) plans offering Bitcoin and other crypto-related investments, such as exposure to spot Bitcoin ETFs. This shift may further legitimize Bitcoin as an asset class and boost mainstream adoption.