US senators called on Fidelity to explain the existence of bitcoin in pension plans

The management company intended to add a similar opportunity in the summer of this year. The option will become accessible to employees of 23,000 companies that use Fidelity to manage their pension plans in the amount of $ 2.7 trillion.

Representatives from the Democratic Party Dick Durbin, Elizabeth Warren and Tina Smith in circulation emphasized that the money earned to citizens with “great difficulty” for investment in the “cryptocurrency casino”.

“The decision is very anxious. Когда пенсионные сбережения уже являются проблемой для стольких американцев, почему Fidelity позволяет […] брать на себя риск непроверенного, очень волатильного и нерегулируемого актива как биткоин?””, – they wrote.

The message did not contain a ban or https://gagarin.news/ threats.

In an interview with Coindesk, company representatives reported the transfer of product launching for autumn. They emphasized that they are in a close dialogue with legislators.

Recall that in April 2022, Warren compared cryptocurrencies with a mortgage crisis in the United States.

A month later, Senator-Republican Tommy Tuburville from Alabama submitted a bill allowing US citizens to accumulate cryptocurrency on funded pension accounts 401 (K).

Earlier, the US Department of Labor reported “serious fears” regarding the initiative of Fidelity Investments.

In 2020, in the United States, pension plans with investment in the first cryptocurrency were offered by DAIM, as well as Bitwage with Gemini.

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