Tag: cryptocurrency
What is the Labor Department thinking? The U.S. Department of Labor (DOL) just rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans. DOL said that it was just taking the agency’s thumb off the scale and was “neither endorsing, nor disapproving of” fiduciaries who decide to includ…
What is Fidelity thinking? In late April, Fidelity, the nation’s largest provider of 401(k) plans, said that it would make it possible for participants to invest a portion of their 401(k) account balances in bitcoin. The digital assets account would become widely available by midyear and could be integrated into the 401(k) investment menu, just lik…