“We have grave concerns with what Fidelity has done,” a senior Labor Department official said of Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts
WSJ’s Dion Rabouin explains why Wall Street is now betting big on crypto and what that means for the new asset class and its future.
Photo composite: Elizabeth Smelovplan to allow investors to put bitcoin in their 401 accounts“We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street Journal.
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Labor Department has 'grave concerns' over Fidelity's 401(k) bitcoin plansThe US Labor Department has 'grave concerns' about the decision to offer Bitcoin in its retirement savings portfolio.
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U.S. Has 'Grave Concerns' over Fidelity's Plan to Add Bitcoin to 401(k) Retirement Plans | CoinMarketCapAli Khawar, a senior official within the administration, told The Wall Street Journal that he fears the move could put the funds of everyday consumers at risk.
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CoinDesk Podcast Network: BREAKDOWN: Bitcoin Is Coming to Your 401(k) on Apple Podcasts“Capital keeps flowing into this industry, despite the fact that prices are going sideways or down.” NLW explores institutional investor sentiment on “The Breakdown.”
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Labor Department fears Fidelity's plan to allow Bitcoin into 401(k) accounts is too risky for retirees“We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, told The Wall...
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A 401(k) that's 20% crypto? Labor Department will likely ‘pressure’ Fidelity to lower that limit, analyst says.The Department of Labor has ‘grave concerns’ with the investment firm’s decision to include bitcoin in retirement plans: WSJ
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US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal ReportsThe U.S. Department of Labor has expressed 'Grave Concerns' about Fidelity’s plan for Bitcoin in 401(k) retirement plans, The Wall Street Journal reports. thesamreynolds reports.
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