Blockchain Association Supports Proposal for Crypto in 401(k) Plans

The Blockchain Association has expressed its support for a proposal by the U.S. Department of Labor to permit cryptocurrency investments in 401(k) retirement plans. According to NS3.AI, this proposal aims to implement U.S. President Donald Trump's Executive Order 14330. The association submitted a letter on June 1, endorsing the initiative, which could potentially expand investment options for retirement savings.