Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official
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The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said…
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Key Highlights Bitwise’s CIO calls banning Bitcoin in 401(k)s “ridiculous,” saying some stocks are even more volatile. Bitcoin swung 65% in a year, while Nvidia stock moved 120%, showing volatility isn’t unique to crypto. Sen. Warren warns that crypto in 401(k)s risks workers’ retirement savings due to volatility and high…
U.S. lawmakers are urging regulators to fast-track new rules that would allow millions of Americans to include crypto in their retirement savings. In a letter sent Monday, nine members of Congress pressed Securities and Exchange Commission (SEC) Chair Paul Atkins to move quickly on President Donald Trump’s executive order aimed…
“Fidelity’s engine of distribution will swell demand,” SkyBridge Founder Anthony Scaramucci said US Department of Labor said last month that 401(k) plan fiduciaries must exercise “extreme care”... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker