US senators Dick Durbin, Elizabeth Warren and Tina Smith find Fidelity Investments' decision to include crypto-exposed funds on 401k plans 'immensely troubling'. A detailed letter sent by the lawmakers gives the company two weeks for a response.
Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401 retirement plans. “This decision is immensely troubling,” they wrote.
Democrats Dick Durbin, Elizabeth Warren and Tina Smith sent their letter Tuesday. The letter, which is around a page and a half long,Americans’ retirement savings habits in general terms with minimal statistics but numerous rhetorical flourishes and strings of adjectives. The money American consumers may invest in retirement funds is “hard earned,” for example, and their exposure to the “cryptocurrency casino” is “a bridge too far.
“When saving for retirement is already a challenge for so many Americans, why would Fidelity allow those who can save to be exposed to an untested, highly volatile asset like Bitcoin?”U.S. Senators Upset That Fidelity Investments Offers a Bitcoin 401 Retirement Option
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Don’t Call the New Federal Gun Law a Gun LawDemocratic senators lacked actionable gun data for their negotiations—so they passed mental health reform instead.
Baca lebih lajut »
Cathie Wood's Ark Invest Dumps 1.41M Coinbase Shares | CoinMarketCapCathie Wood's Ark Invest has sold 1.41M in Coinbase shares — however, her investment firm still thinks that BTC could hit $1M by 2030...🤯 Read more here ⬇️
Baca lebih lajut »
Industry Experts Believe Bitcoin Is Primed To Hit $106,000 As Data Shows High BTC Buying Pressure⬆ +11 Industry Experts Believe Bitcoin Is Primed To Hit $106,000 As Data Shows High BTC Buying Pressure $BTC XBT
Baca lebih lajut »
Bitcoin Breaks Extremely Important Price Level: DetailsICYMI: Bitcoin breaks above the realized price, which is one of the first indicators of a bullish reversal BTC $BTC
Baca lebih lajut »
Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate – Market Updates Bitcoin NewsCrypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike.
Baca lebih lajut »
Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPSThe Fed’s announcement again exercises its influence over global markets – including Bitcoin.
Baca lebih lajut »