U.S. House Democrat, who may soon run key committee, condemns crypto in 401(k)s

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Maxine Waters, the ranking Democrat on House Financial Services, is condemning the inclusion of crypto in 401(k)s, requesting the chief of the Department of Labor to withdraw its proposal on alternative assets, which would allow retirement plans to invest in cryptocurrencies. This move could significantly impact the crypto market's growth prospects, potentially limiting mainstream adoption of digital assets.