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Stock impact report

Elizabeth Warren warns of ‘volatile' crypto risks in 401(k)s—here's what investing pros say [CNBC]

NerdWallet, Inc. (NRDS) 
Company Research Source: CNBC
investors holding cryptocurrencies in retirement portfolios, citing the asset class's “volatility, weak investor protections and lack of transparency.” “For most Americans, their 401(k) represents a lifeline to retirement security rather than a playground for financial risk. Allowing crypto into American retirement accounts creates fertile ground for workers and families to lose big,” Warren wrote. In August, President Donald Trump signed an executive order laying the groundwork to add alternative assets, including crypto, into workplace retirement accounts. The Senate Committee on Banking meets Thursday to establish a framework for crypto oversight between the SEC and the Commodity Futures Trading Commission. Some brokerages, such as Fidelity, already offer direct cryptocurrency investments in individual retirement accounts, and others, such as Charles Schwab, offer access to crypto exchange-traded funds. And 10% of U.S. adults with retirement accounts say they hold at least so Show less Read more
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