 plans and target financial institutions that engage in debanking practices. These moves come at a time when Senate Republicans are revising the House-passed Clarity Act, indicating a growing interest in establishing a clearer regulatory framework for digital assets.){kind=link}
“The SEC and the CFTC need to work together.” – 07:01
Timothy Massad of Harvard Kennedy School, joins Remy Blaire to discuss the latest executive orders signed by former President Trump, which allow cryptocurrencies to be included in 401(k) plans and target financial institutions that engage in debanking practices. These moves come at a time when Senate Republicans are revising the House-passed Clarity Act, indicating a growing interest in establishing a clearer regulatory framework for digital assets.
The pair also discuss the recent White House crypto report, which Timothy describes as thoughtful and productive, laying out various issues and suggestions for moving forward. He emphasizes the importance of Congress supporting the regulatory actions being taken by agencies like the SEC and CFTC, rather than complicating matters with overly detailed proposals.
Finally, Timothy touches on Trump’s executive orders regarding 401(k) plans, which open the door for retirement savers to invest in cryptocurrencies and private assets. Timothy raises critical questions about how plan fiduciaries will assess the risk-adjusted returns of these alternative investments, emphasizing the need for clear guidance from the Department of Labor.