US Labor Department Proposes Safe Harbor for Private Equity and Crypto in 401k Retirement Assets

The Labor Department introduced a safe harbor rule to protect fiduciaries adding private equity or crypto to 401k plans.Lori Chavez-DeRemer said the proposal aims to modernize the investment landscape by expanding access to private markets.The initiative follows a Trump executive order intended to reduce litigation risks that previously deterred plan sponsors.Elizabeth Warren criticized the move, arguing that digital assets and complex vehicles threaten retirement security.
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