Sens. Bernie Sanders, Elizabeth Warren push Labor Dept. to scrap proposed rule that brings crypto into 401(k) plans
The Block·
60-second summary
Sens. Bernie Sanders and Elizabeth Warren are actively pushing the Labor Department to scrap a proposed rule that would allow cryptocurrency investments in 401(k) retirement plans, citing concerns over market volatility and potential investor losses. The proposed rule would impact over 60 million 401(k) plan participants, raising market implications for the broader retirement savings industry.
Sens. Warren and Sanders are pressing the DOL to strike down a proposed rule that would open up 401(k) retirement plans to crypto.