The crypto market has just received extremely positive news from the U.S. government: the U.S. Department of Labor has officially revoked the 2022 guidance that advised 401(k) retirement funds against investing in cryptocurrency. This is a significant turning point, paving the way for Bitcoin and crypto to be included in the long-term investment portfolios of millions of Americans.
Previously, the 2022 guidance was criticized for contradicting the neutral principles that the Department of Labor has pursued. This regulation required trustees to be 'extremely cautious' if they wanted to include crypto in their portfolios, creating a significant barrier to financial innovation. Now, according to Labor Secretary Lori Chavez-DeRemer, investment decisions should be made by the trustees, not by officials at #WashingtonDC intervening.
With the new decision, the Department of Labor reaffirms its neutral and more open stance towards crypto, allowing organizations to self-assess risks and opportunities when investing in digital assets. This reflects the growing maturity and acceptance of Bitcoin and the cryptocurrency market within the U.S. financial system.
Not stopping there, Bo Hines – Director of the President's Advisory Council on Digital Assets – clearly stated: Bitcoin is 'digital gold' and the Trump administration wants to own as much Bitcoin as possible through the Strategic Bitcoin Reserve Fund (#SBR ). He emphasized: 'We will not sell any Bitcoin that the U.S. government holds. Period.'
This statement sends a strong message: the U.S. is viewing Bitcoin as a long-term strategic asset, similar to gold or oil. Buying and hoarding Bitcoin is not just a financial move, but also a geopolitical strategy to protect economic strength amid increasingly fierce global competition.
Warning: Investing in cryptocurrency carries high risks and is not suitable for everyone. This is not investment advice. Please do thorough research and consider carefully before participating. #anhbacong
