The US Labor Department (DOL) has reversed guidance discouraging employers from offering cryptocurrency in 401(k) plan options, amid growing support for the industry from the Trump administration.
In a policy shift, Labor Secretary Lori Chavez-DeRemer stated that the previous administration’s approach was “overreach” and gave more power to fiduciaries in making investment decisions. The March 2022 document previously warned employers about adding crypto products with caution due to potential liability risks.
The decision comes as President Donald Trump’s family members pursue crypto-related ventures, including a plan to create a $2.5 billion bitcoin treasury for the Truth Social platform owned by the former president’s family. Vice President JD Vance is also set to speak at a bitcoin conference in Las Vegas this week.
The DOL will now adopt a more neutral approach towards cryptocurrency and other assets, reversing its previous stance on allowing employers to offer crypto options.
Source: https://www.politico.com/news/2025/05/28/dol-pulls-guidance-discouraging-crypto-in-401ks-00372223