📢 U.S. Senators Raise Concerns Over Crypto in Retirement Funds 🇺🇸

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U.S. Senators Elizabeth Warren and Bernie Sanders have voiced strong concerns about the Trump administration’s push for 401(k) providers to invest American retirement savings in cryptocurrencies and private markets. 💼💰

In a letter to SEC Chairman Paul Atkins and Labor Secretary Lori Chavez-DeRemer, the senators warned such actions could have “disastrous consequences.”

They criticized the administration’s reversal of the Biden-era cautious stance on high-risk assets like crypto-related stocks and ETPs, stressing that retirement savings must be protected, not exposed to volatility. ⚠️

The senators have asked for detailed assessments of the risks tied to these new “dangerous” investment policies in the coming weeks.