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The U.S. Department of Labor recently
rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans.
The department said that it was just taking the agency’s thumb off the scale and was “neither endorsing, nor disapproving of” fiduciaries who decide to include crypto options on their 401(k) menu. But why would the Labor Department go to all this trouble if not to boost the inclusion of bitcoin and other cryptocurrencies in 401(k) accounts?
This post was originally published on Market Watch
