Overview

• On May 28, 2025, the Labor Department rescinded March 2022 guidance that had discouraged cryptocurrency options in 401(k) plans, restoring a neutral regulatory stance.
• The agency clarified it neither endorses nor disapproves employers who opt to include a wide range of digital assets—such as tokens, coins and NFTs—in retirement investment menus.
• Biden-era Labor officials had warned fiduciaries about the high risks of fraud, theft and volatility, urging “extreme care” before adding crypto to workers’ retirement savings.
• The policy shift aligns with President Trump’s broader pro-crypto agenda, which includes his $TRUMP meme coin and Trump Media and Technology Group’s plan to raise $2.5 billion for a bitcoin reserve.
• Vice President Vance is set to address a bitcoin conference in Las Vegas, underscoring the administration’s active outreach to the cryptocurrency community.