U.S. Department of Labor building in Washington, D.C, on January 12, 2022. Photo: Diego M. Radzinschi/ALM Lawsuit Slams US Labor Dept.'s Crypto Guidance as 'Paternalism,' Overreach
Investors argue that the agency rushed the release with the explicit intent to combat crypto's success following Super Bowl ads aimed at promoting digital currency.
June 02, 2022 at 06:03 PM
5 minute read
The original version of this story was published on National Law Journal
Calling a recent Department of Labor promise to investigate retirement plans with positions in cryptocurrency "mandate[d] paternalism," a Delaware-based investment firm sued to block future agency action.
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