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Bernie Sanders, Elizabeth Warren Urge Labor Department to Drop Bitcoin, Crypto 401K Plan

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Decrypt Editorial

(08:00 PM UTC)

1 min read

Approved byDavid Kim

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In brief

Bernie Sanders and Elizabeth Warren urged the Labor Department to drop a proposal to make it easier to offer crypto and other alternative assets in 401(k) plans.
They argued the rule weakens fiduciary standards and could expose retirees to greater risk.
The lawmakers also said the policy could enrich President Donald Trump and his family by expanding access to crypto products tied to…

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