Trump’s Department of Labor Wrongly Allows Dumping Dangerous Crypto Into Retirement Savers’ Accounts
WASHINGTON, D.C.— Stephen Hall, Legal Director and Securities Specialist of Better Markets, issued the following statement in response to the Department of Labor rescinding guidance warning managers of retirement plans of the risks of offering employees crypto assets like Bitcoin and Ethereum:
“Today is another flagrant example of the Trump Administration putting crypto profits ahead of the economic stability and security of Americans. The Department of Labor (DOL), in rescinding 2022 guidance warning of the very real risks of dumping crypto into tax-exempt retirement plans like 401(k)s, has signaled that it’s open season for the lawless crypto industry to push their volatile assets into the preferred investment…
