2022 Trust Forum Presentations

Internal Use Only

Cryptocurrency

DOL’s Strong Opposition • In March 2022, DOL issued Compliance Assistance Release 2022-01. • DOL cautions plan fiduciaries to exercise “extreme care” before adding a crypto option to an investment line-up. • DOL has a number of concerns. • Guidance is currently being challenged. • Despite warnings, industry seems to be going the other way…

Internal Use Only

Cryptocurrency

Other Considerations • Is crypto even a permitted investment? • Custody (how do you “hold” it?). • Valuation. • Fraud and security risks. • Volatility.