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Trump White House pick clears path for crypto in 401(k)s

CNBC · 30 days ago
CNBC
CNBC
30 days ago

CNBC’s MacKenzie Sigalos joins 'Closing Bell' to discuss Vice President JD Vance’s keynote at bitcoin’s flagship event in Las Vegas — and the Labor Department’s reversal of 2022 guidance that had discouraged crypto in retirement accounts.

BreakdownGenerated by LeadStory AI
  • Vice President J.D. Vance addressed over 35,000 attendees at Bitcoin 2025 in Las Vegas, calling crypto a hedge against poor policymaking. 23s
  • Vance stated that the administration is removing anti-crypto regulatory holdovers and supports legitimizing stablecoins. 34s
  • The Labor Department reversed a 2022 rule, now allowing fiduciaries to decide on including crypto in 401(k) plans. 1m 2s
  • Vance argued that stablecoins could strengthen the U.S. dollar and serve as a force multiplier for the economy. 47s
  • The administration is urging lawmakers to pass crypto bills, including the Genius Act, before the August recess. 1m 28s
Crypto