Elizabeth Warrens also airs concerns over crypto in 401(k)

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

It’s no surprise that U.S. Sen. Elizabeth Warren (D-Mass.) is expressing concerns about Fidelity Investment’s plan to allow Bitcoin in 401(k) retirement plans.

Warren asked Fidelity “about the appropriateness” of its plans and mirrored the concern of the Department of Labor (DOL) about bitcoin’s volatility, describing investing in crypto as “a risky and speculative gamble.”

Knowing a thing or two about Warren’s background, this isn’t surprising and the debate over Fidelity and the DOL views on crypto investing will continue.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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