According to Foresight News, the Trump administration announced the withdrawal of the Department of Labor's guidance issued in 2022, which previously opposed including cryptocurrency in 401(k) retirement plan investment options and threatened to investigate plans offering crypto investments. Labor Secretary Lori Chavez-DeRemer stated that the new policy will remain neutral, with investment decisions made by trustees rather than the government. Additionally, the government is considering allowing 401(k) plans to invest in private equity markets. Currently, less than 1% of 401(k) plans offer cryptocurrency investment options (Government Accountability Office report 2024).
Trump rescinds Biden-era guidance, boosting crypto investments in U.S. pension plans
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