Top Democratic lawmakers have requested the Department of Labor to withdraw a proposal that would facilitate the inclusion of cryptocurrency, private equity, and other alternative assets in retirement plans. They argue that this change could increase financial risks and fees for workers' savings. The request was made in a letter sent on Monday to the acting Labor Secretary.
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Democratic Lawmakers Request Withdrawal of Proposal for Digital Assets in 401(k) Plans
Democratic lawmakers are urging the Department of Labor to retract a proposal that would allow retirement plans to include digital assets like cryptocurrency. They express concerns that such a move could lead to increased financial risks and fees for workers' savings.
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Top Democrats rip proposal allowing digital assets in 401(k) plans
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Democratic Lawmakers Request Withdrawal of Proposal for Digital Assets in 401(k) Plans
