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The “first crypto president” relaxes guidance on digital assets in 401(k) accounts

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D

onald Trump seemed to forge ahead on his promise to be the “first crypto president” with a flurry of cryptocurrency-related activities in recent months. He hosted a private dinner for investors in his meme coin, $TRUMP, in May, and pardoned three co-founders and a former employee of the crypto exchange BitMEX, who previously pled guilty to violating the Bank Secrecy Act, in

March.One decision that the administration rolled out with less fanfare, but is nevertheless relevant to HR professionals, was a May 28 announcement that the Department of Labor rescinded Biden-era guidance cautioning retirement plan sponsors against including cryptocurrency investment

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