US Labor Department Sued After Warning 401(k) Providers About Allowing Crypto Investments

2022-6-3 20:51

The U.S. Department of Labor (DOL) in March issued a controversial warning to 401(k) plan fiduciaries to “exercise extreme care” before considering adding cryptocurrencies to a retirement plan’s investment menu. Today, the agency is being sued for it.

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SEC Threatens To Sue Coinbase Due To Higher Interest On Cryptocurrency Products

High-interest rate of crypto products has made SEC threaten to sue Coinbase. This will likely frustrate users who see the company’s offer as a practical means of earning 4% interest. The Securities and Exchange Commission SEC  issued a surprising warning to sue Coinbase if they move on with their plan. Coinbase had initially announced its […]

2021-9-9 01:00