Asset management giant Fidelity's plan to offer bitcoin to its more than $2T AUM in 401(k) accounts is again questioned by three US Senators. camomileshumba reports
"The ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of bitcoin and other digital assets," this latest letter read.
Already deep in a bear market, bitcoin has fallen even further since the FTX collapse earlier this month, touching a two-year low below $15,500 on Monday. The price has bounced to $16,100 at press time.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three U.S. senators ask Fidelity to reconsider bitcoin exposure in retirement plansThree U.S. senators have asked Fidelity Investments' CEO to reconsider allowing retirement plan holders to have bitcoin exposure.
Read more »
WSJ News Exclusive | Labor Department Clears Path for 401(k) Plans to Offer ESG FundsMore retirement savers could soon have the option to invest in funds based on environmental, social and governance principles, under final regulations issued by the Labor Department
Read more »
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-upIn light of the FTX crisis, three U.S. Senators have called for Fidelity Investments to scrap its Bitcoin 401(k) product as it exposes the entire country’s savings accounts to “unnecessary risk.”
Read more »
US Senators Ask Bank Regulators to 'Review' SoFi's Crypto ListingsA number of US Senators have questions for SoFi regarding its crypto offerings, and are asking for a regulatory review. nikhileshde reports
Read more »
Fidelity Urged to Abandon Plans to Offer Bitcoin Investments in Retirement Accounts | CoinMarketCapIn a pair of letters, six Democrats called on two investment firms to turn their backs on crypto, saying it is inappropriate for investments.
Read more »
Biden administration loosens Trump-era investing rules around environment, social and governance funds for 401(k) plansThe U.S. Department of Labor on Tuesday issued a final rule relaxing standards for employers picking 401(k) funds with an environmental or other social impact.
Read more »