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DOL Signals Doubt About Prudence of Cryptocurrency-Based Investment Options
Morris, Manning & Martin, LLP 
[Guidance Overview] Apr. 12, 2022 "There remains a problem of interpretation: what is a 'cryptocurrency option'? The Release provides two clues indicating that DOL will define it broadly and view the presence of any cryptocurrency as too much cryptocurrency.... Given both the tone of the Release and the expansive language used by DOL, caution suggests plan sponsors should avoid any cryptocurrency making its way into their investment menus -- in any form and at any level." MORE >> |
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