Bernie Sanders, Elizabeth Warren Urge Labor Department to Drop Bitcoin, Crypto 401K Plan
Decrypt·
60-second summary
Bernie Sanders and Elizabeth Warren are urging the Labor Department to drop a proposed plan allowing fiduciaries to offer exposure to riskier assets like crypto and private equity in 401K plans. They claim this plan would hurt retirees and personally benefit President Trump, citing concerns about the potential for fiduciary conflicts and financial exploitation.
The senators said a plan allowing fiduciaries to offer exposure to riskier assets like crypto and private equity would hurt retirees and personally benefit President Trump.