Department of Labor cautions against crypto in 401k plans

The US Department of Labor published a notice Thursday saying it will conduct an investigative program aimed at retirement plans offering crypto.

The agency advocated retirement managers exercise "extreme care" when considering cryptocurrency as a retirement investment option. 

The DOL has seen an uptick in firms marketing crypto investments for 401(k) plans in recent months, according to its notice. These defined contribution plans usually offer a variety or "menu" of investment options to participants. Some of these firms are now marketing crypto as a menu option.

As it stands, the DOL is skeptical of crypto as a retirement i