Elizabeth Warren warns crypto risks could cost workers ‘big’ in their 401(k)s. How to be safe if you decide to invest
Amid recent volatility in the cryptocurrency market, U.S. Sen. Elizabeth Warren is sounding the alarm regarding the asset’s instability and how it might affect retirement accounts.
The representative wrote a letter to Securities and Exchange Commission chair Paul Atkin asking how the agency will protect investors after President Donald Trump signed an executive order in August that opened the door for 401(k) plans to offer investments in alternative assets, including crypto like bitcoin.
“For most Americans, their 401(k) represents a lifeline to retirement security rather than a playground for financial risk,” Warren wrote on Jan. 12. “Allowing crypto into American retirement accounts creates fertile ground for…
