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Nalezeno "Labor Department": 24

401k(rypto)


The administration most supportive of crypto may have just highlighted the biggest barrier to crypto adoption: a retirement system where most participants never choose their investments at all, writes CoinDesk Indices’ Andy Baehr

Labor Department rescinds Biden-era guidance for crypto in 401(k) plans


The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans.On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when...

Labor Department rescinds Biden-era guidance for crypto in 401(k) plans


The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans.On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when...

US Labor Department Rescinds Biden-Era Crypto Warning for Retirement Plans


The U.S. Department of Labor has rescinded its 2022 guidance that warned fiduciaries to exercise “extreme care” when considering cryptocurrencies for 401(k) retirement plans. Crypto Gets a Policy Boost as Labor Dept. Revokes 401(k) Warning The original release, issued under the Biden...

FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report


Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished...

US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals


On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....

Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful


The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.” U.S. Labor Department Sued Over Crypto Guidance...

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