Source: United Press International
“The U.S. Department of Labor proposed a new rule on Monday that would allow people to invest alternative assets like cryptocurrency into their 401(k) plans. The department seeks to open 401(k) retirement investment up to assets like cryptocurrency, real estate and private-market assets. … There are already no restrictions on including alternative assets like cryptocurrency, real estate or private-market assets, though fiduciaries have treaded lightly on them out of fear that those assets may be challenged legally. The Labor Department’s proposed rule would create a ‘set of process-based safe harbors’ for plan fiduciaries, legally shielding them when they implement alternative assets.” (03/30/26)