The U.S. Department of Labor rescinded the 2022 warning concerning including crypto assets in 401(k) plans.
The initial warning memo had urged fiduciaries to be cautious with crypto assets in retirement plans, which attracted criticism.
The recent decision returns fiduciaries to a state of freedom to decide on including cryptocurrencies in retirement plans.
This reversal is seen as a positive step for crypto advocates and supporters of decentralized finance, potentially impacting Americans' retirement savings diversification.