The US Department of Labor has abolished crypto -investment restrictions in 401 (k) plans

The US Department of Labor (DOL) has withdrawn recommendations with warnings on the use of cryptocurrencies in the 401 (K) pension plans.

In the official statement of the Office The responsibility for the introduction of the guidelines was put on Joe Biden’s past administration.

“We abolish this redundancy and clearly make it clear that investment decisions should be made by proxies, not the bureaucrats of the Colombia County,” said US Minister Lori Chavez-Deremer, who holds his position since March 11, 2025.

According to the recommendations published in 2022, the responsible administrators should be “extremely cautious” regarding the addition of digital assets to the investment menu. The decision provoked criticism in the community through a “practical ban” to use cryptocurrencies in 401 (k).

Then representatives of Crypto Council for Innovation (CCI) sent to the letter of letter calling the recommendations.

“CCI is deeply concerned about the fact that [рекомендації] In fact, they categorically prohibit the 401 (K) administrators to include crypto -investments in their plans, based on a factual and legally erroneous analysis, ”specialists said.

In their view, the administrators of the pension plans should consider crypto assets along with the rest of the instruments, in accordance with the Law on the provision of pension income of employees in 1974 (ERISA).

In June 2022, the Forus Call filed a lawsuit against DOL. The Department was accused of biased attitude to cryptocurrencies and deviations from a proper discussion with the representatives of the public and industry. In 2023, the claim was rejected.

On April 1, 2025, Senator Tommy Tuberville and Congressman Baron Donalds (Florida) proposed the Financial Freedom Act (HR2544) draft law, which forbade DOL to limit investments available in 401 (K).

Recall that in May, US senators-democrats suggested banning officials to promote cryptocurrencies.

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