US Labor Department Proposes Rule Change Allowing Crypto in 401(k) Funds

The US Labor Department has proposed a significant shift in policy, which could pave the way for trillions of dollars in 401(k) funds to be invested in cryptocurrency.

The move follows an executive order from President Donald Trump, directing regulators to expand access to digital assets in retirement portfolios. The proposal is part of a broader effort to modernize and streamline investment options for Americans.

Separately, Democrats have written to the CFTC and federal ethics office, urging them to remind government employees that making insider derivatives trades is against the law. This comes as some lawmakers have expressed concerns about potential conflicts of interest and unfair market practices.