US Senator Dick Durbin has criticized fund management company Fidelity Investment’s pension fund plans that include Bitcoin (BTC).
Senator Dick Durbin, 28 July dated in your tweet, of Fidelity Investment accounts where the retirement contributions of employees are evaluated. 401(k) your accounts Bitcoin investment strategies provide the option to be managed with criticized. Senator, to express his concerns on this matter, Senator Elizabeth Warren and Senator to Tina Smith announced his participation. Senator Durbin with other Senators Abigail Johnson, CEO of Fidelity Investments expressing their concerns announced that they had sent a letter.
The letter to CEO Abigail Johnson told the firm’s workers bitcoin criticizes the decision to offer an investment option in an untested and highly volatile asset such as Also, Senator Dick Durbin said on Twitter: “We have to agree that 401(k) retirement accounts are not a place to gamble.” saying that Bitcoin retirement plans for unsuitable He said it was an investment tool.
Fidelity Investment, April It will allow investors to include Bitcoin (BTC) in their 401(k) retirement accounts in the month of May, but that the account weight of Bitcoin does not exceed the total account weight. 20% of announced that it would be limited to Upon this May per month Senator Warren and Senator SmithFidelity is a Bitcoin whether it has the qualities of a store of value They announced that they had sent a letter asking. Experts say that the common feature of both letters is Ministry of Laboras a store of value His doubts about Bitcoin It says it’s a reflection.
About the topic to Coindesk a talking company spokespersonFidelity’s mainstream to meet the interests and demands it offers Digital Assets Account proud of its goals and in autumn He stated that he was starting his first plans. Spokesperson, company to respond to letters in direct contact with policy makers also announced that