US Treasury Secretary Janet Yellen said that cryptocurrencies are a “too risky” investment to be included in retirement plans and should be addressed by Congress.
US Treasury Secretary Yellen, June 9 on New York Times by Washingtonat an event held in cryptocurrencies average savers 401(k) retirement plans the inclusion of “very risky” He said it was a choice.
In the event, Fidelity Investments‘of April announced in the attempt to include cryptocurrencies in retirement plans on a question about Yellenmade the following statements:
Not something I would recommend to most people saving for retirement. It is a very risky investment in my opinion.
Yellen Also, Congress regulate the types of assets that can be included in retirement programs He said it might be reasonable.
I’m not saying I recommend it, but I think that would be a reasonable thing to do.
Yellen, fidelityAfter the company announced its plans, US Department of Labor (DOL) had asked him to provide answers about how they planned to address the risks posed by
Fidelity Investment, April 26 for his retirement crypto fundraiser announced its infrastructure. your customers, 401(k) retirement to your plans bitcoin The service, which will allow them to invest with
Fidelity, Managing $11.3 Trillion Asset Announces, Will Offer Custody and Trading Services for Ethereum
Related article: Fidelity, Managing $11.3 Trillion Asset Announces, Will Offer Custody and Trading Services for Ethereum