In today’s US, saying ‘be careful with crypto’ sounds like socialism – The Irish Times
Is it wrong to say advisers should be cautious when adding cryptocurrencies to retirement accounts? The Trump administration thinks so.
In 2022, US regulators issued guidance urging fiduciaries to exercise “extreme care” before adding volatile assets such as Bitcoin to retirement plans. Now, that caution has been cast aside, and its rollback is being framed as a win for free markets by the new administration.
The Biden administration should have remained neutral, said US secretary of labour Lori Chavez-DeRemer. “We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats.”
This stance comes as the president and vice-president actively court crypto fans,…
