What’s the trigger?<\/p>\n
The Labor Department on Wednesday yanked Biden-era guidance that strongly discouraged employers against offering cryptocurrency in workers\u2019 401(k) plan options.<\/p>\n
Labor Secretary Lori Chavez-DeRemer said the policy was an attempt by the previous administration \u201cto put their thumb on the scale\u201d against cryptocurrency investments.<\/p>\n
\u201cWe\u2019re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats,\u201d she said in a statement. [Politico<\/strong><\/a>]<\/em><\/p><\/blockquote>\n
That statement doesn’t bother me that much, actually. But then the evil side whispered in my ear:<\/p>\n
What’s to stop the Trumpie’s from reversing that statement, to encourage 401(k) investors to buy crypto as an investment?<\/p>\n
Sure, we can go full evil – change encourage<\/em> to require<\/em>!<\/strong><\/p><\/blockquote>\n
Yeah, think about that – a requirement that each 401(k) account invest .5% of its funds in $TRUMP.<\/p>\n
It makes my skin crawl, but I suppose that would ensure Trump’s place on the right hand of God<\/a>. Cthulhu. Whatever it happens to be.<\/p>\n","protected":false},"excerpt":{"rendered":"
What’s the trigger? The Labor Department on Wednesday yanked Biden-era guidance that strongly discouraged employers against offering cryptocurrency in workers\u2019 401(k) plan options. Labor Secretary Lori Chavez-DeRemer said the policy was an attempt by the previous administration \u201cto put their thumb on the scale\u201d against cryptocurrency investments. \u201cWe\u2019re rolling back \u2026 Continue reading