US Lawmakers Push Back on Crypto in 401(k)s
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Three U.S. lawmakers have formally opposed the Department of Labor's plans to allow cryptocurrency investments in 401(k) retirement plans, citing concerns over volatility and inadequate regulatory safeguards. In a letter to the DOL, the representatives argued that digital assets pose significant risks to Americans' retirement savings, potentially exposing workers to substantial losses. This regulatory pushback highlights ongoing friction between crypto adoption and traditional financial protections, which could slow institutional adoption in the near term.
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