Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office , a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401, are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns have arisen over crypto’s volatility and limited oversight.
Neal’s letter comes a day after Labor Secretary Marty Walsh told the House Education and Labor Committee that his department is
At the moment, I think people are satisfied with the way they store cryptocurrency
Plans are not destined to come true?
Everything to do with crypto is being put under the microscope by this administration. I don't necessarily think they intend to kill it, they just want to leech onto it and suck everything they can out of it.