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Senators Urge DOL to Block Crypto in 401(k) Plans

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Source: Decrypt
Senators Urge DOL to Block Crypto in 401(k) Plans
Photo: Decrypt
TL;DR

Senators Bernie Sanders and Elizabeth Warren urge the Labor Department to drop a proposed rule that would allow fiduciaries to offer crypto and other riskier assets in 401(k) plans, arguing it weakens fiduciary standards, threatens retirees’ savings, and could benefit Trump-linked crypto ventures; the DOL has not immediately commented.

Topics:businesspolitics#401k#cryptocurrency#erisa#fiduciary-duty#labor-department#politics
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  1. Bernie Sanders, Elizabeth Warren Urge Labor Department to Drop Bitcoin, Crypto 401K Plan  Decrypt
  2. Democrats oppose Trump officials’ effort to include crypto in 401(k) plans  The Guardian
  3. US fund management firms back 401(k) alternative assets proposal, but others worry about risks  Yahoo Finance
  4. Top Democrats rip proposal allowing digital assets in 401(k) plans  The Hill
  5. The federal government plans to make it harder for you to sue your employer over alternative 401(k) investment options  MarketWatch

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