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A Payback to Crypto and Elites

The recent decision by the U.S. Department of Labor to rescind the Biden Era 2022 guidance discouraging crypto investments in 401(k)s reeks of political favoritism and backdoor deals. It appears to be a calculated payoff to Trump's Wall Street’s gamblers, media giants, and wealthy investors—many of whom recently gathered at MAGA Lago for Trump's “Crypto Bros Dinner,” an event symbolizing the cozy relationship between crypto elites and political power. Now, with this rollback, it looks like the Trump administration is rewarding those special interests by opening the door to risky, unregulated assets in everyday workers’ retirement savings.