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U.S. Department of Labor Proposes Rule to Allow Bitcoin in 401(k) Plans

The proposal would affect retirement plans in the United States by opening a path for Bitcoin investments within 401(k) accounts.

Summary

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Terms & Concepts
  • 401(k): A U.S. employer-sponsored retirement savings plan that can hold various investments for long-term retirement funding.
  • Bitcoin: A decentralized digital asset that operates on a blockchain (shared digital ledger) without a central issuer.
  • Department of Labor: A United States government department that oversees labor policy, including parts of the regulatory framework affecting workplace retirement plans.