US EditionLabor Department Reverses Course on Crypto in 401(k) Plans
- The U.S. Department of Labor rescinded its 2022 Biden-era guidance cautioning 401 fiduciaries against offering cryptocurrency on May 22, 2025.
- The reversal responded to criticism that the earlier warning imposed an 'extreme care' standard absent from ERISA, diverging from the department's former neutral stance.
- The 2022 guidance noted significant risks including fraud, theft, loss, and volatility in digital asset investments, and that participants often lack sufficient knowledge.
- Labor Secretary Lori Chavez-DeRemer criticized the previous administration's actions as excessive and clarified that choices about investments ought to be entrusted to those legally responsible for managing them, rather than government officials in Washington.
- This shift restores the department's neutrality on crypto in retirement plans, though ongoing concerns and Trump administration crypto ties complicate regulatory oversight.
45 Articles
45 Articles
Want a Crypto 401(k)? The DOL Isn’t Standing in the Way Anymore
The Department of Labor is getting out of crypto’s way in 401(k) plans. The agency on Wednesday changed its tune about bitcoin and any other digital asset being included in employer-sponsored retirement plans. It rescinded guidance from 2022 that directed plan fiduciaries to use “extreme care” when considering crypto. While that didn’t forbid digital assets in 401(k)s, it didn’t exactly help the cause. Now, the DOL says it is taking a neutral st…
The Independent
The Independent (US)Trump team makes it easier to invest 401(k)s in crypto. Here’s why that may be bad
Rescinding Biden-era guidance on pension plan investments in crypto comes as vice president declares industry has ‘a champion and an ally in the White House’
Labor Department Reverses Biden-Era Stance on Crypto in 401(k) Plans - The Thinking Conservative
U.S. Dept of Labor rescinded 2022 warning to fiduciaries against including cryptocurrency in 401(k) retirement plans, reversing Biden-era policy. The post Labor Department Reverses Biden-Era Stance on Crypto in 401(k) Plans appeared first on The Thinking Conservative.
Labor Department Reverses Biden-Era Stance on Crypto in 401(k) Plans
The U.S. Department of Labor on May 28 rescinded 2022 guidance that warned fiduciaries against including cryptocurrency in 401(k) retirement plans, reversing a Biden-era policy that critics said discouraged innovation in retirement investing. The 2022 compliance release had advised plan fiduciaries to exercise “extreme care” before adding crypto assets. The department now says that this language deviated from the standards of the Employee Retire…
Coverage Details
Bias Distribution
- 54% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
