United States lawmakers have asked Fidelity Investments, the leading provider of 401(k) accounts in the US, to reconsider its decision to offer . Bitcoin As part of the retirement plans of its clients.
latest push, according to a report good Tuesday’s opening also comes as the cryptocurrency industry battles the latest contagion prompted by the collapse of crypto exchange FTX.
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A group of US senators is expressing renewed concern over Fidelity’s plans and wants the company to drop the proposal. According to the lawmakers, and as indicated in their joint letter, FTX’s troubles and the events leading up to its bankruptcy filing are clear signs that there are problems in the sector.
In their letter, three US senators – Elizabeth Warren, Tina Smith and Richard Durbin – asked Fidelity not to go after bitcoin with their 401(k) plans.
It is not the first time US legislators are raising concerns over Fidelity’s plans, with a previous letter also suggesting the move could hurt customers.
In this week’s letter, the senators say crypto is full of “charismatic wunderkinds” and fraudsters whose shady doings expose customers to various risks.
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