PANews reported on May 28 that according to an announcement by the U.S. Department of Labor, the Employee Benefits Security Administration has officially revoked the crypto asset investment guidance issued in 2022. The guidance required pension plan trustees to be "extremely cautious" before incorporating crypto assets, and was criticized for deviating from the neutral principle of the Employee Retirement Income Security Act. Labor Secretary Lori Chavez-DeRemer said the move was intended to correct excessive administrative intervention and reiterated that investments should be decided by trustees independently. The new policy neither encourages nor opposes the inclusion of cryptocurrencies in plans.