Official Daily Action for Friday, June 5th, 2026
From ActionNetwork:
The Department of Labor has proposed a rule that would allow the riskiest, least transparent investments in the financial system to be packaged as prudent options for workers’ retirement funds.
That’s right, teachers, firefighters, civil servants and anyone else who is relying on their 401k to provide for retirement could have their savings wiped out overnight after the DOL announced its intention to let these funds invest in private equity firms and crypto companies.
Crypto and private equity firms have an almost endless track record of bankrupting companies, stripping assets, and walking away richer while workers and communities are left behind. Now they want access to defined contribution plans – a pool of money that has been protected from the most egregious excesses of Wall Street up until now.
The deadline to oppose this rule is closing in fast. We have a narrow window to build the kind of overwhelming public opposition that could stop it from happening.
ACTION: Sign and submit your official comment right now demanding that the Department of Labor block private equity and crypto from retirement accounts and protect workers’ savings.
Bonus: watch the video!
