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US Senators Concerned for Fidelity and Its Bitcoin 401k Plans

Emily

Editor, Senior Moderator
https://beincrypto.com/us-senators-concerned-for-fidelity-and-its-bitcoin-401k-plans/
US Senators Concerned for Fidelity and Its Bitcoin 401k Plans

By Shubham Pandey
22 November 2022, 07:57 GMT+0000
Updated by Kyle Baird
22 November 2022, 07:57 GMT+0000


In Brief
  • U.S. senators sent a letter to Fidelity Investments CEO Abigail Johnson asking the company to reconsider its BTC 401(k) investment plans.
  • They claim that the crypto industry is full of “charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors.”
  • Macroeconomic recession fears are still brewing.
 
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