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The US Department of Labor reflects 2022 instructions that prevented digital assets from 401 plans (K)

The US Department of Labor (DO) cancels an authorization in its directives for the year 2022, which prevented digital assets from being included in retirement plans 401 (K).

In a new press release, dol He says It is a decline in compliance with the year 2022, which previously ordered institutions to abandon encryption assets as options for plans 401 (K).

In 2022, DOL warned of credits against using “severe care” before providing digital assets as options for retirement plans, a language that was unusual at the time, as the agency historically took a neutral approach to this issue, according to the press statement.

According to US Secretary of Labor Lori Chavez-Terider, DOL retracted the government-established government.

Chavez-Dimer says,

“The Ministry of Labor in the Biden Administration has made a choice to put their thumb on a large scale. We are reviewing this transgression and explaining that investment decisions must be made by credit, not bureaucrats.”

DOL says she does not support or not dismantle employers who choose to include encryption assets and note that her thinking extends to other encryption products, such as derivatives.

Previously, DOL said it has “serious concerns” about people’s pension funds that are linked to encryption due to “great risk of fraud, theft and loss.”

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