Lathrop GPM Partner Allie Itami was recently featured in Cointelegraph discussing the regulatory landscape surrounding state pension funds investing in cryptocurrency. In response to the State of Wisconsin Investment Board’s recent disclosure of over $321 million in Bitcoin ETF holdings, Itami explained that state-managed pension funds may face fewer hurdles than private plans when adopting crypto.
“State pension funds could adopt crypto more easily than privately managed funds due to fiduciary restrictions under the Employee Retirement Income Security Act (ERISA) of 1974,” Itami noted.
Her insights come amid a broader trend of public pension systems exploring digital assets as part of their long-term investment strategies, despite the volatility associated with crypto markets.
Read the full article on Cointelegraph here: State of Wisconsin Investment Board reports over $321M BTC exposure