DOL Proposes Expanding 401k Investments to Crypto, Private Equity
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The U.S. Department of Labor proposes to allow alternative investments like cryptocurrency, private equity, and real estate in 401k plans, following President Trumps executive order. The rule provides a safe harbor for fiduciaries, focusing on a prudent process for any investment. The move is supported by labor leaders and big players like BlackRock, but criticized by Senator Elizabeth Warren due to risks. The proposal is now in a public comment period, and adoption could take years with potential court fights.
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