401(k) Service Provider Sues Over DOL Release Regarding Cryptocurrency

(June 7, 2022, 8:55 AM EDT) -- WASHINGTON, D.C. — Arguing that a U.S. Department of Labor (DOL) release regarding cryptocurrency is an “arbitrary and capricious attempt to restrict the use of cryptocurrency in defined contribution retirement plans” and exceeds the department’s authority under the Employee Retirement Income Security Act, a retirement plan service provider on June 2 sued the DOL and U.S. secretary of Labor in a District of Columbia federal court seeking declaratory and injunctive relief....

Attached Documents

Related Sections