Story perspectives
Trump Administration Endorses Crypto in 401(k) Plans
6/7/2025
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Story summary
- The Biden administration cautioned against cryptocurrencies in 401(k) plans in 2022 due to their complexity.
- On May 28, the Trump administration's Labor Department reversed this guidance, taking a neutral position on crypto investments.
- Labor Secretary Lori Chavez-DeRemer stated that fiduciaries, not government officials, should make investment decisions.