Elizabeth Warren Echoes Labor Department Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans

2 years ago

Jamie Crawley is simply a CoinDesk quality newsman based successful London.

U.S. Senator Elizabeth Warren (D-Mass.) joined the Labor Department successful expressing concerns astir Fidelity Investment's plan to connection bitcoin successful its 401(k) status plans.

  • Echoing the the Labor Department's concerns astir bitcoin's volatility, the 2 described investing successful crypto arsenic "a risky and speculative gamble."

  • "We are acrophobic that Fidelity would instrumentality these risks with millions of Americans' status savings," they said.

  • They asked Fidelity to accidental however it assesses risks of volatility, fraud, theft and the evolving regulatory situation and however it plans to code them.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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