tldr; The U.S. Department of Labor has rescinded its 2022 guidance that discouraged fiduciaries from including cryptocurrency options in 401(k) plans. The previous guidance urged extreme caution, deviating from the department’s neutral approach to fiduciary investment decisions. By rolling back this directive, the department reaffirms its neutral stance, allowing fiduciaries to decide on cryptocurrency inclusion without interference from federal authorities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
yukinr on
Wait that’s crazy
RN_Geo on
Top is in.
ktaktb on
This is a disaster.
A whole clown car of gen x morons losing their nest egg yoloing into $MELANIA
browhodouknowhere on
So crypto can rely on a bi weekly cash infusion…
heyheyshinyCRH on
Pfft no thanks. I’ll dca my own bag
roughback on
Phew. Pegging the every day taxpayer’s future to the whims of a ponzi scheme…
Once enough of society is bought into bitcoin someone somewhere can dump their holdings and crash the global economy instantly.
The hope is that bitcoin will become the new „dollar standard“ for the world, but what will really happen is that they are funneling the global economic output into the hands of those who hold the most bitcoin.
A crash, everyone panic sells, then they rebuy to tighten up the supply. Rinse, repeat.
Every crash tightens the noose on those without disposable income, until only the rich hold any value, and no one else can afford anything.
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Oh snap! Put my whole 4-0-whatever in BTC!
tldr; The U.S. Department of Labor has rescinded its 2022 guidance that discouraged fiduciaries from including cryptocurrency options in 401(k) plans. The previous guidance urged extreme caution, deviating from the department’s neutral approach to fiduciary investment decisions. By rolling back this directive, the department reaffirms its neutral stance, allowing fiduciaries to decide on cryptocurrency inclusion without interference from federal authorities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wait that’s crazy
Top is in.
This is a disaster.
A whole clown car of gen x morons losing their nest egg yoloing into $MELANIA
So crypto can rely on a bi weekly cash infusion…
Pfft no thanks. I’ll dca my own bag
Phew. Pegging the every day taxpayer’s future to the whims of a ponzi scheme…
Once enough of society is bought into bitcoin someone somewhere can dump their holdings and crash the global economy instantly.
The hope is that bitcoin will become the new „dollar standard“ for the world, but what will really happen is that they are funneling the global economic output into the hands of those who hold the most bitcoin.
A crash, everyone panic sells, then they rebuy to tighten up the supply. Rinse, repeat.
Every crash tightens the noose on those without disposable income, until only the rich hold any value, and no one else can afford anything.