Several new developments mean that the debate over whether cryptocurrency belongs in retirement plans isn’t going away.
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Cryptocurrency is here to stay. There are many different types of cryptocurrency and cryptocurrency-related investments and they have different risk profiles. Regardless of whether you think cyptocurrency belongs in 401(k) plans, it is in everyone’s interest for the DOL to clarify its new guidance and for there to be an improved process for issuing further guidance. Stakeholders can help the DOL understand more about the market and how it is evolving.
Read MoreThe Department of Labor has cautioned plan fiduciaries to “exercise extreme care” in deciding whether to permit cryptocurrency investments.
Read More401(k) fiduciaries need to understand the risks of cryptocurrency investments.
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