US House Ways and Means chairman asks the GAO to check out crypto in retirement plans

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US House Ways and Means chairman asks the GAO to check out crypto in retirement plans
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401(k) plans that allow users to hold crypto are going under the microscope again.

Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office , a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401, are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns have arisen over crypto’s volatility and limited oversight.

Neal’s letter comes a day after Labor Secretary Marty Walsh told the House Education and Labor Committee that his department is

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