Under Fire From Biz Groups, DOL Stands By Crypto Guidance – Law360


By Kellie Mejdrich (April 22, 2022, 6:31 PM EDT) — The U.S. Department of Labor has no plans to withdraw cryptocurrency guidance for retirement plan fiduciaries that business groups have criticized as an end-run around the formal rulemaking process, the acting head of the DOL’s employee benefits arm told Law360 in an exclusive interview Friday. 

The U.S. Chamber of Commerce and other groups sent a letter April 12 to Ali Khawar, acting assistant secretary for the DOL’s Employee Benefits Security Administration, asking that the agency yank a compliance assistance release issued in March. The guidance covers fiduciary obligations involving cryptocurrency in retirement plans regulated by the Employee Retirement Income Security Act….

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS



Read More: Under Fire From Biz Groups, DOL Stands By Crypto Guidance – Law360

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments