On Monday, the U.S. Department of Labor unveiled a proposed regulation that could potentially unlock trillions of dollars in retirement funds for investment in cryptocurrencies and alternative asset classes. The proposal, documented in the Federal Register under the title “Fiduciary Duties In Selecting Designated Investment Alternatives,” marks a significant shift in retirement investment policy. This regulatory change would fundamentally alter the investment parameters for 401(k) plan administrators. Traditional retirement portfolios have predominantly featured conventional stocks and bonds. The new framework would ... (full story)