By Isaac • June 27, 2026 1:26 pm •
Rep. Maxine Waters wants crypto kept out of American retirement accounts, and she is putting it in writing.
The senior Democrat on the House Financial Services Committee has formally asked the Department of Labor to withdraw a proposal that could open 401(k) plans to alternative assets, including cryptocurrency.
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That request lands in the middle of a much larger fight over how much room digital assets get inside the retirement system, where the money managed runs into the trillions.
Maxine Waters Condemns Crypto in 401(k)s, Urges Withdrawal of Labor Dept. Proposal U.S. Representative Maxine Waters has formally requested the Department of Labor withdraw its proposal to allow cryptocurrency investments in 401(k) retirement accounts.
Waters cited the
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