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U.S. Department of Labor Rescinds 2022 Crypto Warning for 401(k) Plans

  • The U.S. Department of Labor rescinded the 2022 warning concerning including crypto assets in 401(k) plans.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.

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