401(k) Crypto Investment Restrictions Eyed by Labor Regulators

Regulators are considering whether to issue a rule that would address the appropriateness of cryptocurrency in 401(k) plans, Labor Secretary Marty Walsh told a House panel Tuesday.

In response to a line of questioning about recent strongly worded guidance advising plans against allowing digital coin assets in workplace 401(k)s, Walsh told the House Education and Labor Committee that the department is “looking at potentially going through a rulemaking process on the industry as a whole.”

Rulemaking would raise an already controversial bar the department set when it issued guidance threatening an “investigative program” against employers who allow participants to access ...