šØ BREAKING: U.S. Labor Department Rescinds 2022 Crypto Warning for 401(k)s šØ
In a major policy shift, the U.S. Department of Labor has withdrawn its 2022 guidance that warned fiduciaries against offering cryptocurrencies in 401(k) retirement plans.
š What Changed:
⢠The previous guidance advised āextreme careā due to concerns over volatility, fraud, and security.
⢠Under the Trump administration, the DOL is now adopting a more crypto-neutral stance, emphasizing that decisions should rest with fiduciariesānot regulators.
āļø Fiduciaries must still comply with ERISA, ensuring investments are prudent and in the best interest of plan participants.
š With Bitcoin recently hitting $110K, this move could accelerate crypto adoption in retirement portfolios.
š§ Your thoughts? Is this the start of broader institutional acceptance?
$BTC #bitcoin #401K #Bitcoin2025 #TrumpMediaBitcoinTreasury #FinancialFreedom