Search results for U.S. Labor Department
Crypto
Digital asset framework law stalls as U.S. Clarity Act wavers
South Korea’s ruling and opposition parties jointly pressed the Financial Services Commission over delays in proposing a government bill for a digital asset framework law, citing a provision limiting major shareholders’ stakes after the fact. The commission had aimed to finalize a deal in the first quarter but talks were postponed indefinitely. In the United States, the Senate set late April for committee review of the Clarity Act, while Coinbase again opposed a ban on interest on stablecoin holdings.
Crypto
U.S. Labor Department unveils proposed rule to allow crypto and private equity in 401(k) plans
The U.S. Labor Department has released a proposed rule that would allow 401(k) retirement plan accounts to invest in alternative assets such as cryptocurrencies and private equity. The proposal focuses on safe-harbor protections and procedures for fiduciaries when adding such assets, emphasizing objective review rather than blanket exclusions. Officials said it aims to expand investment choices. The proposal follows a Trump executive order and would move to a public comment stage after regulatory review.
Crypto
U.S. Labor Department mulls 401(k) rule changes as XRP sees surprise net inflows
Investment products linked to XRP recorded $15.8 million in net inflows last week, while major cryptocurrency products including bitcoin and ether saw total net outflows of $414 million, CoinShares data showed. Outflows were concentrated in the United States and led by ether funds. CoinShares cited investor concerns over a possible escalation in Iran-U.S. tensions and renewed inflation worries. The moves coincided with U.S. discussions on expanding 401(k) plans into alternative assets.
