News with the tag "Department of Labor"

The US Department of Labor (DOL) has rescinded its 2022 guidance, which discouraged fiduciaries from including cryptocurrency investments in 401(k) retirement plans, citing an “overreach” by the previous administration. DOL Rescinds Biden Admin’s Crypto Guidance On Wednesday, the Department of Labor...

The U.S. Department of Labor (DOL) is scrapping a mandate in its 2022 guidance that prevented digital assets from being included in 401(k) retirement plans. In a new press release, the DOL says it’s rolling back its 2022 compliance release, which previously instructed institutions to forgo using cry...

The U.S. Department of Labor is reversing its earlier caution about including crypto investments in people's retirement savings, arguing that issuing warnings about the hazards of digital assets failed to maintain appropriate neutrality about what the agency tells investment officials. The new compl...

In a stunning development that sends ripples through Silicon Valley and the burgeoning AI industry, data labeling giant Scale AI is under the microscope of the U.S. Department of Labor (DOL). Bitcoin World has exclusively learned that the DOL is actively investigating Scale AI for potential violatio...

Advisors can navigate their fiduciary duty to support clients interested in cryptocurrency in the absence of clear frameworks.