A Florida representative has submitted a bill to keep Bitcoin in 401(k) retirement plans.
the department’s Employee Benefits Security Administration “expects to conduct an investigative program aimed at plans that offer participant investments in cryptocurrencies and related products, and to take appropriate action to protect the interests of plan participants and beneficiaries with respect to these investments.”
The DOL report elicited a response from financial services giant Fidelity Investments objecting to what it saw as unclear language and positions that strayed from the intent of the law that created the 401 program. It requested the DOL clarify the report or withdraw it. Two weeks later, Fidelity
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