Elizabeth Warren fears workers will ‘lose big’ with 401(k) crypto
Senator Elizabeth Warren has written directly to Securities and Exchange Commission Chair Paul Atkins asking him to explain how the SEC plans to serve its mission of investor protection as it seeks to support President Trump’s order to make cryptocurrency investments available in retirement plans.
President Trump signed an executive order in August clearing a path for alternative assets including cryptocurrencies like bitcoin and private equity funds to be offered more broadly across traditional retirement plans such as 401(k) plans.
“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…
