U.S. Labor Department Sued After Warning 401(k) Providers About Allowing Crypto Investments

“However, since the Department of Labor announced that they are launching an enforcement initiative targeting businesses that add a crypto option to their plan menu, we have spoken with a number of clients — and of those we spoke with, roughly one-third have decided to delay making crypto investments available to their employees, as a direct result of the DOL’s threats,” Ramirez said.