(Photo: vit_mar/AdobeStock
The Labor Department is extremely concerned that retirement plan fiduciaries are planning to encourage investing in cryptocurrency without a clear understanding of the risks involved, Employee Benefits Security Administration Acting Assistant Secretary Ali Khawar said Thursday.
"There are real questions to be asked," he told those watching a webinar sponsored by the American Academy of Actuaries. "It wasn't clear to us that the fiduciaries are going into this with their eyes open."
Acting Assistant Secretary Ali Khawar, with the Employee Benefits Security Administration at the U.S. Department of Labor. Courtesy photo Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
