U.S. Warns Against Crypto in 401(k) Retirement Plans | CoinMarketCap

The U.S. Department of Labor is warning that cryptocurrencies in 401(k) retirement plans might be a bad idea 😱

"Extreme volatility can have a devastating impact on participants, especially those approaching retirement and those with substantial allocations to crypto," the Department of Labor says.The U.S. Department of Labor is urging "extreme care" to be taken before crypto investments are offered in 401 retirement plans.

According to the department, the number of firms who are marketing crypto investments for 401 plans has risen in recent months — and officials fear this is too risky given the short history of digital assets, adding:

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