gouranga kamila

I started looking into Bitcoin since 2019 and observing market since then. Here I will express my views on Bitcoin based on my prior experience. Any view should not be considered as a financial advice.

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Gouranga Kamila

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Salman Inamdar

The proposed rule change seeks to enable Americans to invest in products like 
crypto that better reflect the current investment landscape, Labor Secretary 
Lori Chavez-DeRemer said.

US Labor Department takes step toward including crypto in 401(k)s

Pharos Network has deployed Circle’s USDC stablecoin and Cross‑Chain Transfer 
Protocol on its Layer‑1 blockchain and launched a $10 million incubator 
program. Establishing a Core Settlement Layer for RealFi The stablecoin USDC 
and issuer Circle’s Cross-Chain Transfer Protocol (CCTP) have been deployed on 
the Pharos Network Layer 1 blockchain, in a milestone seen moving the […]

Circle Deploys USDC and CCTP on Pharos Network to Advance RealFi Goals

Regulatory pressure on the SEC has intensified after its decision to resolve 
the Justin Sun case came shortly before the departure of its enforcement 
chief, Margaret Ryan, prompting fresh questions from lawmakers. In a letter to 
SEC Chair Paul Atkins,…

SEC faces scrutiny as Justin Sun case dropped ahead of enforcement chief’s exit

The US Labor Department published a proposed regulation on Monday intended to 
give 401(k) participants access to alternative investments, including crypto 
assets such as Bitcoin (BTC). The Employee Benefits Security Administration 
(EBSA) framed the rule as “historic,” saying it lays out a clear, process- 
driven framework that plan fiduciaries can follow when evaluating non- 
traditional assets for defined contribution plans. Safe‑Harbor Rules For 
401(k) Considering Crypto At the heart of the proposal are safe-harbor 
procedures designed to guide plan managers through the selection of designated 
investment alternatives. Under the rule, fiduciaries would be required to 
evaluate potential alternatives, addressing factors such as expected 
performance, fees, liquidity, valuation methods, appropriate performance 
benchmarks, and the complexity of the crypto assets. The department emphasized 
that the rule is intentionally neutral with respect to asset classes: it does 
not endorse any particular type of investment but instead sets out a prudent 
process for review and selection. Related Reading: XRP Price Alert: Expert 
Predicts $0.80 On Bitcoin’s Potential Retreat To $60,000 The move follows 
President Trump’s executive order, “Democratizing Access to Alternative Assets 
for 401(k) Investors,” and represents an attempt to translate that directive 
into practical regulatory guidance, according to the statement on the matter. 
Labor Department officials say the proposed rule returns the agency to a long- 
standing approach that focuses on fiduciary process rather than picking 
winners and losers among asset types. “The department’s days of picking 
winners and losers are over. Our rule clearly spells out that managers must 
evaluate any and all potential product offerings by following a prudent 
process,” said Deputy Secretary of Labor Keith Sonderling. Treasury And SEC 
Back Labor Proposal The EBSA noted that the Biden administration’s 2022 
compliance guidance — which effectively discouraged fiduciaries from offering 
crypto options — diverged from the Employee Retirement Income Security Act’s 
(ERISA) requirements, contributing to the limited uptake of alternatives in 
retirement plans. The new proposal aims to remove that regulatory uncertainty 
by providing concrete, process-based protections for fiduciaries who choose to 
consider crypto investments. Officials from other agencies welcomed the 
initiative as part of a broader push to expand retirement investment options. 
Related Reading: XRP Nears Key Turning Point As Descending Wedge Tightens 
Treasury Secretary Scott Bessent praised the Labor Department’s rulemaking as 
“another step in ushering in President Trump’s Golden Age,” saying the 
proposal seeks to broaden access to additional retirement options for 
“millions of Americans” while protecting retirement assets. Securities and 
Exchange Commission (SEC) Chairman Paul Atkins also expressed support, noting 
that enabling Americans to participate in innovation and economic growth 
through diversified, long-term investments is important for retirement 
planning and that the SEC helped formulate the proposal. If finalized, the 
rule would provide plan fiduciaries with a structured path to consider crypto 
and other alternative assets without immediately exposing them to the 
compliance risks that had discouraged inclusion in recent years. At the time 
of writing, Bitcoin was trading at $66,580, having failed to capitalize on 
moves slightly above $68,000 earlier on Monday. Featured image from OpenArt, 
chart from TradingView.com

US Labor Department Eyes 401(k) Crypto Access, Bitcoin Considered In New Rule

A report from Reuters earlier this month claimed that the SEC&#8217;s former chief 
of enforcement clashed with agency leadership over cases involving those in 
Trump&#8217;s orbit before resigning.

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