Department of Labor cautions against crypto in 401k plans

03/11 00:19

The US Department of Labor published a notice Thursday saying it will conduct an investigative program aimed at retirement plans offering crypto. The agency advocated retirement managers exercise "extreme care" when considering cryptocurrency as a retirement investment option. The DOL has seen an uptick in firms marketing crypto investments for 401(k) plans in recent months, according to its notice. These defined contribution plans usually offer a variety or "menu" of investment options to participants. Some of these firms are now marketing crypto as a menu option. As it stands, the DOL is skeptical of crypto as a retirement investment due to its volatility, custodial and record-keeping concerns, issues with reliable valuation and the murky regulatory environment.
bullishbullishbullish2bearishbearishbearish1Mi piaceCondividi
DisclaimerIl contenuto di cui sopra non rappresenta le posizioni di HTX.HTX non fornisce alcuna raccomandazione di trading.

Tutti i commenti0RecentePopolare

avatar
RecentePopolare