Crypto Blowback

Crypto Blowback: Labor Department Kills Biden’s 401(k) Crypto Guidance in Stunning Move

The U.S. Labor Department has reversed its 2022 stance on crypto in 401(k)s, no longer discouraging employers from offering digital assets like Bitcoin. While fiduciaries still have to follow ERISA rules, the move signals a shift toward broader crypto acceptance. Experts urge caution, recommending no more than 10% crypto allocation. For investors, this opens the door to higher returns—but also higher risks—within retirement portfolios.