The U.S. Department of Labor (DOL) has finished its lengthy examination of Digital Asset Investment Management’s (DAIM) 401k plan, which enables employees to allocate up to 10% of their portfolio into Bitcoin. Â
While the DOL did not express having spot Bitcoin in 401k plans, it did not prohibit or restrict DAIM’s current model and structure. The review, which lasted nearly two years, involved audits and personnel interviews to vet the specifics of DAIM’s offering.
DAIM founder Bryan Courchesne appreciated that the DOL conducted exact due dedication to understanding Bitcoin’s evolving role as a portfolio broadener. He stated that appropriate regulation for digital assets would help investors feel more comfortable allocating to Bitcoin
The DOL does provide general guidance on 401k plans with crypto exposure. DAIM maintains its offering caps Bitcoin allocation at 10% to reduce risks, provides educational resources on Bitcoin investing, and enables employees to build varied portfolios across other asset classes.
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