No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

US Labor Department Withdraws Rule Against Bitcoin’s Inclusion In Retirement Plans

by TheAdviserMagazine
5 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
US Labor Department Withdraws Rule Against Bitcoin’s Inclusion In Retirement Plans
Share on FacebookShare on TwitterShare on LInkedIn


The US Labor Department is making a U-turn from its previous stance against the inclusion of Bitcoin and cryptocurrencies in retirement plans. Going forward, the Labor Department will adopt a neutral position toward cryptocurrencies, potentially opening the floodgates for fiduciaries to include them in 401(K) plans.

US Labor Department Is Not Against Bitcoin In 401(K) Plans

According to a press release, the US Department of Labour is changing its position on the inclusion of cryptocurrency options in 401(K) retirement plans. The US Labor Department is rescinding its previous 2022 guidance that warned fiduciaries of the dangers of offering Bitcoin and cryptocurrencies in retirement plans.

At the time, the Labor Department urged fiduciaries to take “extreme care” in offering cryptocurrency options to investors. While not expressly banning their inclusion, the dire warnings by the Labor Department stifled cryptocurrency offerings in the investment menus offered by fiduciaries.

“We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats,” said US Secretary of Labor Lori Chavez-DeRemer.

Chavez-DeRemer adds that the 2022 guidance contravenes the Department’s neutral stance toward investments. Furthermore, the 2022 guidance violates the provisions of the Employee Retirement Income Security Act.

Going forward, the US Labor Department will take a neutral position, neither criticizing nor approving Bitcoin’s inclusion in retirement plans. Data and comments from the Labour Department have historically affected BTC’s price, with the recently released US PPI inflation data dousing hopes of a Bitcoin rally.

US Government Agencies Are Warming Up Toward Cryptocurrencies

Despite the 2022 guidance against Bitcoin and crypto investments in 401(K) plans, several state-level pension funds continue to embrace the offering. Bitcoin ETFs appear to be the investment vehicle of choice for pension funds, with funds in Michigan and Wisconsin investing in them.

Furthermore, the passing of a Strategic Bitcoin Reserve bill in Texas and New Hampshire will see state pension funds allocate more funds into Bitcoin.

Since the start of the Trump administration, several government agencies have adopted a friendly stance toward cryptocurrencies. The Office of the Comptroller of the Currency (OCC) rolled back its guidance to allow federal banks to dabble in cryptocurrency transactions.

Furthermore, the US SEC is joining the laundry list of government agencies, fueled by new leadership at the helm of affairs. The SEC has shuttered its cases against top crypto service providers and is hurtling toward regulatory clarity.  In a strong show of commitment, the SEC is holding a series of crypto roundtables with key sector player to chart a clear regulatory direction.

✓ Share:

coingape

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

Tags: BitcoinsDepartmentInclusionLaborplansretirementRuleWithdraws
ShareTweetShare
Previous Post

Wall Street rush to launch Vanguard-style funds draws warnings

Next Post

Notes from Scotiabank’s 2025 Q2 earning report

Related Posts

edit post
What Happens When You Don’t Report Your Crypto Taxes to the IRS

What Happens When You Don’t Report Your Crypto Taxes to the IRS

by TheAdviserMagazine
October 27, 2025
0

Key takeawaysTax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and...

edit post
US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice

US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice

by TheAdviserMagazine
October 26, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United States and China wrapped up...

edit post
SharpLink Gaming Withdraws M Ethereum, Boosts Supercycle

SharpLink Gaming Withdraws $78M Ethereum, Boosts Supercycle

by TheAdviserMagazine
October 26, 2025
0

Ethereum’s fundamentals continue to strengthen as major investors and analysts signal renewed confidence in the asset. Institutional investors like SharpLink...

edit post
Decentralized exchanges surpass  trillion monthly volume as volatility spikes

Decentralized exchanges surpass $1 trillion monthly volume as volatility spikes

by TheAdviserMagazine
October 26, 2025
0

Perpetual decentralized exchanges (perp DEXes) registered $1.049 trillion in monthly volume as of Oct. 24, marking the first time on-chain...

edit post
Bitcoin surges after US and China agree on key trade issues in Kuala Lumpur talks

Bitcoin surges after US and China agree on key trade issues in Kuala Lumpur talks

by TheAdviserMagazine
October 26, 2025
0

Key Takeaways China and the US reached crucial agreements on trade during Kuala Lumpur talks. Communication channels between both countries...

edit post
Is It OpenSea or Blur?

Is It OpenSea or Blur?

by TheAdviserMagazine
October 26, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage In the rapidly evolving non-fungible token ecosystem...

Next Post
edit post
Notes from Scotiabank’s 2025 Q2 earning report

Notes from Scotiabank’s 2025 Q2 earning report

edit post
Arthur J. Gallagher & Co.: Gelingt jetzt der Sprung auf ein neues Allzeithoch?

Arthur J. Gallagher & Co.: Gelingt jetzt der Sprung auf ein neues Allzeithoch?

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Trump: U.S.-China trade deal, TikTok sale likely this week

Trump: U.S.-China trade deal, TikTok sale likely this week

0
edit post
Important Evidence That Can Aid Your SSDI Claim

Important Evidence That Can Aid Your SSDI Claim

0
edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

0
edit post
Key highlights from Hasbro’s (HAS) Q3 2025 earnings results

Key highlights from Hasbro’s (HAS) Q3 2025 earnings results

0
edit post
What Happens When You Don’t Report Your Crypto Taxes to the IRS

What Happens When You Don’t Report Your Crypto Taxes to the IRS

0
edit post
Barclays re-enters Saudi Arabia 11 years after exiting business

Barclays re-enters Saudi Arabia 11 years after exiting business

0
edit post
Trump: U.S.-China trade deal, TikTok sale likely this week

Trump: U.S.-China trade deal, TikTok sale likely this week

October 27, 2025
edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

October 27, 2025
edit post
Barclays re-enters Saudi Arabia 11 years after exiting business

Barclays re-enters Saudi Arabia 11 years after exiting business

October 27, 2025
edit post
What Happens When You Don’t Report Your Crypto Taxes to the IRS

What Happens When You Don’t Report Your Crypto Taxes to the IRS

October 27, 2025
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

October 27, 2025
edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

October 26, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump: U.S.-China trade deal, TikTok sale likely this week
  • You’ve Just Stolen a Priceless Artifact – What Happens Next?
  • Barclays re-enters Saudi Arabia 11 years after exiting business
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.