'This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.' bitcoin crypto cryptocurrency $BTC
The U.S. Department of Labor has been sued by a 401 plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.”The U.S. Department of Labor and Secretary of Labor Martin J. Walsh have been sued over the department’s Compliance Assistance Release No. 2022-01.
Fidelity’s decision troubled the Labor Department. “We have grave concerns with what Fidelity has done,”Ali Khawar, Acting Assistant Secretary of the Labor Department’s Employee Benefits Security Administration.
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