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DOL Chimes in on Cryptocurrency

DOL Chimes in on Cryptocurrency

On March 10, the DOL issued Compliance Assistance Release No. 2022-01 expressing skepticism about the prudence of offering cryptocurrency investment options within ERISA plans. So, can plan fiduciaries include cryptocurrencies without violating their fiduciary duties? The DOL didn’t foreclose the possibility, but has its doubts. The release advises plan fiduciaries to approach decisions about adding…