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The U.S. Department of Labor has reversed its 2022 guidance discouraging crypto investments in 401(k) plans, marking a shift toward a neutral stance under the Trump administration. This move aligns with broader efforts to ease regulatory pressures on the digital asset industry.
- The Department of Labor reversed its 2022 stance against crypto in 401(k) plans, now adopting a neutral position.
- Trump-appointed regulators have dismissed lawsuits against crypto firms and formed an SEC task force to collaborate with the industry.
- Fidelity introduced Bitcoin in retirement plans despite earlier regulatory warnings under Biden.
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Other Tags: Biden administration, Department of Labor, Trump Administration