Democrats Sanders And Warren Push Labor Department To Abandon Bitcoin 401(k) Rule

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Bitcoin Magazine Editorial

(09:12 PM UTC)

1 min read

Approved bySarah Chen

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Senators Bernie Sanders and Elizabeth Warren are calling on the Trump administration’s Labor Department to scrap a rule that would open America’s retirement savings accounts to Bitcoin and other cryptocurrencies — a move the lawmakers say puts workers’ financial futures at risk while lining the pockets of President Trump and his family.

In a 14-page letter sent Monday to Acting Labor…