[IMPORTANT: U.S. Labor Department Withdraws 2022 Warning on Cryptocurrencies in Retirement Funds]

The U.S. Department of Labor has reversed its 2022 guidance that advised trustees against including cryptocurrencies in 401(k) retirement plans. The earlier stance urged caution, but the new position restores neutrality, allowing trustees to exercise discretion on crypto investments. This shift was influenced by Labor Secretary Lori Chavez-DeRemer’s view that investment choices should be made by trustees, not government officials.