From Cointelegraph

May 28, 2025 5:49:00 pm:

The US Labor Department has reversed Biden-era guidance limiting cryptocurrency in 401(k) plans. The move gives asset managers more flexibility in retirement investment options. The agency cited a departure from its neutral approach to investment decisions. Secretary of Labor Lori Chavez-DeRemer criticized the overreach of the previous guidance.

President Trump vows to make the US the global center of crypto during his 2024 campaign. The SEC has eased enforcement actions on Web3 companies like Uniswap and engaged in policy discussions. Some lawmakers are calling for scrutiny of Trump’s crypto ventures, citing conflict of interest and insider trading concerns.

Read more at Cointelegraph: Labor Dept Rescinds Biden-Era Guidance