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Department of Labor teases cryptocurrency interest
14/10/2021
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Cryptocurrency
Authors
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Elizabeth Goldberg
Elizabeth Goldberg is a partner with Morgan, Lewis & Bockius
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Emily Rickard
Emily Rickard is an associate with Morgan, Lewis & Bockius

Hinting that the US Department of Labor (DoL) is working on guidance related to cryptocurrency, the acting assistant secretary for the DoL’s Employee Benefits Security Administration recently commented that the DoL finds the prospect of cryptocurrency investments in 401(k) plan lineups “troubling”. This may be a sign of DoL focus on the increasing frequency of Employment Retirement Income Security Act (ERISA) plan investments in cryptocurrency vehicles, including funds with cryptocurrency exposures.

Cryptocurrency options in investment lineups?

 


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