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.
全部评论0最新最热