Lathrop GPM Partner Allie Itami was recently quoted in Law360 analyzing the U.S. Department of Labor’s decision to rescind its prior warning against cryptocurrency offerings in 401(k) plans. The guidance, originally issued under the Biden administration, had discouraged plan sponsors from including crypto-related products due to perceived investment risks.
Itami noted that while the guidance “was never enforced, it absolutely had a chilling effect” on plan sponsors’ willingness to explore crypto options. She added that the formal withdrawal of the guidance “has sort of a warming effect,” signaling a more open regulatory stance under the current administration.
Read the full article on Law360 here [SUBSCRIPTION REQUIRED]: 3 DOL Policy Shifts On Benefits Attys’ Radar