Elizabeth Warren Presses SEC Over Trump’s Crypto 401(k) Plan—Here’s The Conflict
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Senator Elizabeth Warren (D-Mass.) demanded answers from SEC Chair Paul Atkins on how the agency will protect retirement savers after President Trump cleared the way for crypto in 401(k) plans, warning Trump’s family made $1.2 billion from crypto since taking office.
Warren on Monday sent a letter to Atkins as the Senate Banking Committee negotiates crypto market structure legislation, warning the bill as currently drafted could weaken SEC authority and further expose 401(k)s to volatile crypto assets.
She said Trump’s sudden support for crypto appears driven by his own financial interests.
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