TechFlow News, March 31: According to a Reuters report, on March 30, the U.S. Department of Labor issued a proposal to permit private equity, cryptocurrencies, and other alternative assets to be included in 401(k) retirement plans—aiming to break down long-standing investment barriers. The proposal requires fiduciaries to conduct rigorous reviews of asset performance, fees, liquidity, and other factors; those complying with the requirements will receive legal protection. Private equity giants such as Blackstone, KKR, and Apollo stand to gain access to new capital sources, and their respective stock prices rose following the announcement. Treasury Secretary Bessent stated that this move represents an initial step toward “protecting retirement assets.” The proposal will undergo a 60-day public comment period. Critics—including Senator Warren—warn that it could expose retirement savings to high-risk assets.
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