US Department of Labor at Odds with Fidelity’s Bitcoin Pension Plan
A senior agency official said he raised concerns about such plans given the volatility and risks that cryptocurrencies pose. The pension fund management company argues that this step only seeks to expand the supply of digital assets available and constantly growing. The Department of Labor takes issue with Fidelity Investments’ pension plan, which allows investors to hold Bitcoin in their 401(k) accounts. Officials consider these kinds of offers to pose a huge security risk to American retirees. "We have grave concerns with...
