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Trump Labor Dept. Ditches “Extreme Care” Crypto Warning, Paving the Way for 401(k) Bitcoin Bets

  • The Trump Administration has revoked Biden-era guidance that discouraged including cryptocurrency investment options in 401(k) retirement plans.
  • The Labor department has returned to a neutral stance, allowing fiduciaries to make decisions regarding crypto inclusion in retirement plans.
  • Critics warn that removing the guidance could expose retirement investors to increased risks due to cryptocurrency market volatility.
  • President Trump has shown enthusiasm for cryptocurrencies, launching a $TRUMP meme coin and signing an Executive Order for a Strategic Bitcoin Reserve.

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