U.S. Labor Department Lifts Ban on Cryptocurrencies in Retirement Plans

The U.S. Department of Labor has reversed its previous guidance, removing restrictions against including cryptocurrency assets within 401(k) retirement plans. This decision comes after concerns about potential legal risks for fiduciaries who incorporate crypto into these accounts. Experts suggest this move could expose plan managers to lawsuits from employees, retirees, or their representatives regarding pension plans and healthcare benefits.