U.S. LABOR DEPARTMENT RESCINDS 2022 CRYPTO GUIDANCE FOR 401(K) PLANS The U.S. Department of Labor has withdrawn its 2022 guidance that warned fiduciaries against including cryptocurrency in 401(k) plans. That guidance had urged “extreme care,” diverging from the department’s traditionally neutral approach under ERISA. Labor Secretary Lori Chavez-DeRemer criticized the prior stance as government overreach, saying investment decisions should be left to fiduciaries, not bureaucrats. With this reversal, the department returns to a neutral position—neither encouraging nor opposing the inclusion of crypto in retirement plans.