ForUsAll teams up for Bitcoin offering

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

May fortune favor the bold. I have to say something nice because I wouldn’t attempt a Bitcoin offering with the Department of Labor (DOL) against it.

Bitwage announced a partnership with ForUsAll to offer a one-stop shop for cryptocurrency 401(k) plans combined with cryptocurrency payroll.

Bitwage is a provider of Bitcoin and cryptocurrency payroll, invoicing, and benefits solutions. Through Bitwage’s integration with ForUsAll, they will offer a 401(k) plan with ForUsAll’s self-directed crypto window.

Participants will be able to transfer up to 5% of their portfolio into a cryptocurrency window where they can invest in a range of cryptocurrencies. ForUsAll has sued the DOL over the crypto 401(k). guidance.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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