US Senators Send Letter to Fidelity Over ‘Ill-Advised’ Bitcoin (BTC) Retirement Plan

US Senators Send Letter to Fidelity Over ‘Ill-Advised’ Bitcoin (BTC) Retirement Plan


Three US Senators are writing to Fidelity’s chief executive over concerns about the banking giant’s ‘troubling’ plan to allow businesses to offer Bitcoin (BTC) as a retirement option.

In the note, Senators Elizabeth Warren, Tina Smith and Richard Durbin ask Fidelity CEO Abigail Johnson why one of the most trusted financial services providers in the world would endorse such a volatile asset as an option for 401(k) plans.

“We write today to ask why Fidelity, a trusted name in the retirement industry, would allow plan sponsors the ability to offer plan participants exposure to Bitcoin.

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While plan sponsors ultimately are responsible for choosing the investments available to participants, it seems ill-advised for one of the leading names in the world of finance to endorse the

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