Crypto and Your 401(k): Why the Department of Labor Has "Serious Concerns"

In a recent blog post, the U.S. Department of Labor (DoL) expressed concern that some 401(k) plans are considering adding cryptocurrencies and other digital assets to their investment menus. Here's the quote:

At this early stage in the history of cryptocurrencies, however, the U.S. Department of Labor has serious concerns about plans' decisions to expose participants to direct investments in cryptocurrencies or related products, such as NFTs, coins, and crypto assets.

Read on for a breakdown of why the DoL is worried about crypto in your 401(k) -- and what you can do about it.

Continue reading

Source Fool.com