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    1. coinfeeds-bot on

      tldr; Senators Elizabeth Warren and Bernie Sanders, along with other Democrats, criticized the Trump administration for encouraging 401(k) providers to invest in cryptocurrencies and private markets, calling it a dangerous move that could harm Americans‘ retirement savings. They expressed concerns about the risks of crypto investments, likening them to gambling, and questioned the administration’s motives, including potential financial benefits for Trump and his family. The senators urged the SEC and Labor Department to review the policies and their implications.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Isekai_Dreamer on

      says the people who spent their entire lives in congress crying victim. they’ve never had a real job.

    3. They are yelly because Trump and his family makes billions from crypto while they only make millions on wars and the usual old boring stuff.

    4. Old white (or 1023/1024th white for Warren) Democrats are anti-crypto. And they are anti-Trump. So it stands to reason they are spouting nonsense like this. I’d literally take advice from Jim Cramer before this group of morons.

    5. spiritchange on

      Well, they aren’t entirely wrong. We warn people here that a lot of people approach crypto is essentially like gambling.

    6. Hot_Individual5081 on

      i really think this old crooked witch should not be giving out any advice especially after some serious alegetions of insider trading

    7. brucekeller on

      At least it’s better than having to invest in some shady treasury where one of the top and most trusted ones is run by some guy that paid his way out of fraud charges not once but twice.

    8. Competitive_Ebb_4124 on

      I mean its true. They went in to regulate it in the worst possible way, handicapped the whole industry and now Trump is enabling scams handicapping the industry further. Probably bad for retirement planning lol. Both sides are extremely annoying.

    9. Invest_and_ballout on

      I’m a democrat and the problem I have with the party is, they don’t offer solutions. While everyone is getting rich of Bitcoin they want you to sit back and keep working. Do you know what’s risky along with crypto? The stock market. Why aren’t they talking about that. The Democrats love to lose elections

    10. As a non-American, I really really don’t like trump. But then I hear anything Warren comes out with and … I kinda get it.

    11. How dare you put the best performing asset of all time (bitcoin) in 401ks. Let’s keep them in mutual funds returning 4% per year.

    12. Anyone with even a shred of banking credentials at least understands WHY the objection instead of some low rent strawman attack on the messenger.

      Consumer protection is something these people have been engaged in their entire careers. Hilarious anyone here thinks they know better.

      Everything is a balance. If it wasn’t our 401ks would just be buying whatever the most fee profitable things of the day are. Ya know, Boiler Room style? You guys are allowed to use both halves of the brain you know.

    13. Individual_Praline38 on

      Its dangerous because the chances are theyre loading up and waiting to pull the rug leaving people holding these shitcoin

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