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Trump Signs Order to Regulate U.S. Crypto Industry

6/3/2025

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Summary

Story summary

On January 23, 2025, President Trump took a bold step for the U.S. crypto industry by signing an executive order that establishes a Working Group to develop a regulatory framework. While the Labor Department has shifted away from previous guidance on crypto in 401(k) plans, worries about market volatility and fiduciary responsibilities linger as the administration seeks to balance innovation with compliance.

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Story summary

On January 23, 2025, President Trump took a bold step for the U.S. crypto industry by signing an executive order that establishes a Working Group to develop a regulatory framework. While the Labor Department has shifted away from previous guidance on crypto in 401(k) plans, worries about market volatility and fiduciary responsibilities linger as the administration seeks to balance innovation with compliance.