According to BlockBeats, on June 3, Bloomberg reported that President Trump’s efforts to push for more cryptocurrencies to be included in employee retirement accounts may be hindered by the lawsuit risks faced by employers. The U.S. Department of Labor has rescinded guidance from the Biden administration that warned corporate retirement plans to avoid allocating digital assets. This is part of a shift in White House policy aimed at opening 401(k) accounts to alternative assets, including private equity. Currently, cryptocurrencies account for less than 1% of the $9 trillion 401(k) market.