Cryptocurrency Comes to Retirement Plans as Coinbase Teams Up With 401(k) Provider - WSJ

ForUsAll Inc., a 401(k) provider, announced earlier this month a deal with the institutional arm of Coinbase Global Inc., a leading cryptocurrency exchange, that will allow workers in plans it administers to invest up to 5% of their 401(k) contributions in bitcoin, ether, litecoin, and others.

Looking forward to articles about the class action lawsuits against companies and ForUsAll for breach of fiduciary duty. Retirement plans today that have industry standard investment options are losing in court, so I don’t think gambling in a 401k is going to fare any better.

From the IRS website:

Even if you hire a financial institution or retirement plan professional to manage your plan, you retain some fiduciary responsibility for the decision to select and keep the service provider.