Warren and Sanders Push Labor Dept to Scrap Crypto 401(k) Rule
Senators Elizabeth Warren and Bernie Sanders are jointly pressing the Department of Labor to strike down a proposed rule that would open up 401(k) retirement plans to cryptocurrency investments. The senators argue that crypto’s high volatility and security risks make it unsuitable for retirement savings. This opposition comes even as Wall Street firms accelerate crypto integration into mainstream financial products, with Franklin Templeton and others expanding tokenized fund offerings.