51 Insights

51 Insights

CEO Notes

The $10B hammer, the yield ban, and 401(k)

Marc Baumann's avatar
Sangam Bharti's avatar
Marc Baumann and Sangam Bharti
May 25, 2026
∙ Paid

Hey, it’s Marc,

We’ve watched Wall Street lobby against crypto for a decade, but what happened in April was a masterclass in regulatory weaponization. Three U.S. federal agencies moved on digital assets within two weeks:

  • The Department of Labor proposed opening $12 trillion in 401(k) retirement savings to crypto via a new fiduciary safe harbor.

  • The Trea…

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