The Trump administration on Wednesday revoked Biden-era guidance on cryptocurrency-related 401 (k) plans and other digital assets.

The administration threw out an earlier recommendation that 401(k) managers exercise “extreme care” when it comes to steering investors into bitcoin.

The US Labor Department will no longer urge 401(k) overseers to act with “extreme care” before offering cryptocurrencies, a decision that will be welcomed by some firms lobbying to add private assets to those accounts,

Trump Media says the purchases will "create synergies" and protect the company "against harassment and discrimination."

President Donald Trump’s media company says institutional investors will buy $2.5 billion of the company’s stock, with the proceeds going to build up a bitcoin reserve