The U.S. Labor Department now allows cryptocurrencies, like Bitcoin and Ethereum, to be included in 401(k) retirement plans.
This shift opens up 401(k) investments to digital assets and reflects a broader trend of easing digital asset regulations by government agencies.
Fiduciaries are now free to use cryptocurrencies in retirement plans, marking a reversal from previous warnings about the risks associated with digital assets.
Experts advise caution despite the new freedom, as fiduciaries should carefully consider the legal and financial risks involved in including cryptocurrency in retirement investments.