U.S. Labor Department ‘is right’ about 401(k) warning

The recent U.S. Labor Department (DOL) warning to fiduciaries who offer cryptocurrency investments inside 401(k) plans makes sense, one crypto executive told Yahoo Finance.

“I think that the Department of Labor is right to say ‘heed caution,’ and don’t just jump barrel-in to this because it’s popular and you need to offer it — be pragmatic about it,” Chris Kline, COO and co-founder of Bitcoin IRA — an investment platform that allows investors to roll over their IRAs and 401(k)’s…


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