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Cryptocurrency in 401(k) Plans? Might be More Like "Crypto-nite," Says the DOL in Its Latest Release | Proskauer - Blockchain and the Law

Kryptonite is a fictional substance that causes the mighty Superman to lose all his strength. According to a recent release from the U.S. Department of Labor Employee Benefits Security.

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DOL's 5 Reasons Why Cryptocurrencies Might be Doubtful

Cryptocurrency in 401k plans may prove to be a loss for retirement security. DOL issued Compliance Assistance Release No. 2022-01 to caution plan fiduciaries to be careful before considering whether to include investment options like cryptocurrency as part of a 401k plan.

Ali-khawar , Advisory-council , Labor-employee-benefits-security-administration , Compliance-assistance-release , Why-cryptocurrencies-might , Participant-retirement-accounts , Assets-are-highly-speculative , Face-non-traditional-custodial , Acting-assistant-secretary , Lack-industry-standard-valuation-models , Investment-menu , Including-through-brokerage