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More Pushback Against DOL's Crypto Guidance: ForUsAll's Lawsuit Challenges CAR 2022-01
Cohen & Buckmann, P.C. 
June 13, 2022 "While the ForUsAll complaint does not address the vagueness of [the Compliance Assistance Release 2022-01 (CAR)] statements that it applies to cryptocurrency-related investments, derivatives, and investments whose value is determined by reference to cryptocurrency, that could also be a basis for challenging the CAR.... [T]he CAR does not distinguish at all between direct investment by participants and investment through funds managed by investment professionals and even traded on the New York Stock Exchange or NASDAQ." [ForUsAll v. DOL, No. 22-1551 (D.D.C. complaint filed Jun. 2, 2022)] |
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