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Washington Pushback: Elizabeth Warren Raises the Alarm
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US Senator Elizabeth Warren has formally pressed the Securities and Exchange Commission to explain how it plans to protect retirement savers if cryptocurrencies are allowed into 401(k) plans. Her concern centers on volatility, higher fees, and the potential for manipulation in crypto markets.
In her open letter, Warren warned that retirement accounts are meant to provide long-term security, not expose workers to excessive risk. She also demanded clarity on how crypto assets are valued, whether market manipulation has been adequately studied, and if the SEC will provide educational materials to help Americans better understand the risks involved.
