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According to Foresight News, Walter Bloomberg reported that the US Department of Labor has withdrawn its guidelines released in 2022, which warned trustees not to include cryptocurrencies in 401 (k) plans. The guideline urges extreme caution, which goes against the Department of Labor's consistent neutral stance under the Employee Retirement Income Security Act (ERISA). Labor Secretary Lori Chavez DeRemer criticized the previous position as government overreaching and stated that investment decisions should be left to trustees rather than bureaucrats. With this reversal, the department has returned to a neutral stance - neither encouraging nor opposing the inclusion of cryptocurrency in retirement plans.