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US Department of Labor rescinds 2022 guidance on Cryptocurrency in 401(k) Plans

The U.S. Department of Labor’s Employee Benefits Security Administration has reversed a 2022 compliance release that previously advised against including cryptocurrency options in 401(k) retirement plans. The 2022 guidance urged plan fiduciaries to exercise “extreme care” before offering cryptocurrency as an investment option, which diverged from the Employee Retirement Income

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