Elizabeth Warren warns of crypto risks in 401(k)s—what investing pros say
Senator Elizabeth Warren (D-Mass.) this week wrote to Securities and Exchange Commission Chair Paul Atkins, asking how the agency plans to protect investors holding cryptocurrencies in retirement portfolios, citing the asset class’s “volatility, weak investor protections and lack of transparency.”
“For most Americans, their 401(k) represents a lifeline to retirement security rather than a playground for financial risk. Allowing crypto into American retirement accounts creates fertile ground for workers and families to lose big,” Warren wrote.
In August, President Donald Trump signed an executive order laying the groundwork to add alternative assets, including crypto, into workplace retirement accounts. The Senate Committee on Banking…
