U.S. Senators Elizabeth Warren and Tina Smith wrote to Fidelity Investments CEO Abigail Johnson that crypto assets are a risky and speculative gamble. Concerns about the retirement savings of millions of Americans need to take these risks, other concerns include Fidelity’s conflict of interest (both a miner and a Bitcoin supplier), fees, etc. information and solutions.
In late April, Fidelity Investments said it planned to allow investors to open bitcoin accounts in their 401(k)s, and later this year, the 23,000 companies that use Fidelity to manage their retirement plans will have the option to add bitcoin to retirement Savings options.