US senators called on Fidelity to revise pension products with bitcoin

Senators Richard Durbin, Elizabeth Warren and Tina Smith sent CEO Fidelity Investments to Abigail Johnson, a letter called to revise the Bitcoin option in cumulative pension accounts 401 (K).

It was assumed that it will become accessible to employees of 23,000 companies that use Fidelity to manage their pension plans in the amount of $ 2.7 trillion.

“Recent FTX collapse clearly showed that the digital assets industry have serious problems. She is full of charismatic child prospects, opportunistic scammers and self -proclaimed investment consultants promoting products without the proper level of transparency ”, – lawyers explained their step.

The company did not report.

Recall that Fidelity Investments intended to add a similar opportunity in this summer. However, the launch was postponed to the fall due to the pressure of the regulators with which the company is in a close dialogue.

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

In July, Durbin UniCredit ordered , Warren and Smith sent Johnson a similar request demanding to explain the motives for product development.

Earlier, Warren compared cryptocurrencies with a mortgage crisis in the United States.

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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