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US Labor Department’s Shift: Crypto Investment Now Allowed in 401(k) Plans

  • 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.

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