Democratic senators chide Fidelity Investments for BTC-exposed retirement funds

Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401 retirement plans. “This decision is immensely troubling,” they wrote.

Democrats Dick Durbin, Elizabeth Warren and Tina Smith sent their letter Tuesday. The letter, which is around a page and a half long,Americans’ retirement savings habits in general terms with minimal statistics but numerous rhetorical flourishes and strings of adjectives. The money American consumers may invest in retirement funds is “hard earned,” for example, and their exposure to the “cryptocurrency casino” is “a bridge too far.

“When saving for retirement is already a challenge for so many Americans, why would Fidelity allow those who can save to be exposed to an untested, highly volatile asset like Bitcoin?”U.S. Senators Upset That Fidelity Investments Offers a Bitcoin 401 Retirement Option

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Industry Experts Believe Bitcoin Is Primed To Hit $106,000 As Data Shows High BTC Buying Pressure⬆ +11 Industry Experts Believe Bitcoin Is Primed To Hit $106,000 As Data Shows High BTC Buying Pressure $BTC XBT
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

Bitcoin Breaks Extremely Important Price Level: DetailsICYMI: Bitcoin breaks above the realized price, which is one of the first indicators of a bullish reversal BTC $BTC
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate – Market Updates Bitcoin NewsCrypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. Earning starts from somewhere Making money through Bitcoin is a huge financial freedom Investing in Bitcoin, which no one can control is the best thing to do not even the government Don't go too further to get educated and earning Follow Chrissdiazn for good mentorship And now lower like a yo-yo Bubble is about to burst
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPSThe Fed’s announcement again exercises its influence over global markets – including Bitcoin.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »