US Senators Urge Fidelity to Stop Offering Bitcoin in 401(ok) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
Several U.S. senators have known as on Fidelity Investments to rethink permitting bitcoin in 401(ok) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange,...
US Lawmakers Introduce Bill Allowing Crypto Investments in 401(okay) Retirement Plans
Several U.S. lawmakers have launched the Retirement Savings Modernization Act to supply 401(okay) retirement savers entry to a variety of investments, together with crypto belongings....
US Treasury Secretary Yellen Warns Crypto Is ‘Very Risky’ — Unsuitable for Most Retirement Savers
U.S. Treasury Secretary Janet Yellen warns crypto is a “very dangerous funding,” including that she wouldn’t suggest it to most people who find themselves saving...
Fidelity’s Bitcoin 401(okay) Offering Risks Retirement Security of Americans, Says Labor Department Official
The U.S. Labor Department has “grave issues” about Fidelity Investments permitting buyers to place bitcoin into their 401(okay) accounts for retirement financial savings. An official...
Fidelity’s New 401(okay) Product Lets Workers Add Up to twenty% in Bitcoin to Their Retirement Plans
The multinational monetary companies company primarily based in Boston, Fidelity Investments, has revealed the agency is permitting folks so as to add bitcoin into their...
Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin
During the primary week of November, the reelected Miami mayor Francis Suarez defined that he would obtain a part of his wage in bitcoin by...
Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional
On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan...