What’s the trigger?
The Labor Department on Wednesday yanked Biden-era guidance that strongly discouraged employers against offering cryptocurrency in workers’ 401(k) plan options.
Labor Secretary Lori Chavez-DeRemer said the policy was an attempt by the previous administration “to put their thumb on the scale” against cryptocurrency investments.
“We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats,” she said in a statement. [Politico]
That statement doesn’t bother me that much, actually. But then the evil side whispered in my ear:
What’s to stop the Trumpie’s from reversing that statement, to encourage 401(k) investors to buy crypto as an investment?
Sure, we can go full evil – change encourage to require!
Yeah, think about that – a requirement that each 401(k) account invest .5% of its funds in $TRUMP.
It makes my skin crawl, but I suppose that would ensure Trump’s place on the right hand of God. Cthulhu. Whatever it happens to be.
