The US Department of Labor has rescinded its 2022 guidance on including cryptocurrency options in 401(k) retirement plans, allowing fiduciaries to make investment decisions without undue influence from government bureaucrats. The reversal comes after criticism that the initial guidance “put their thumb on the scale” against adding cryptocurrency to plan menus.
US Secretary of Labor Lori Chavez-DeRemer stated that the department is rolling back the overreach and reaffirming its neutral stance, neither endorsing nor disapproving plan fiduciaries who decide to include cryptocurrency in investment menus.
Source: https://www.dol.gov/newsroom/releases/ebsa/ebsa20250528