U.S. Treasury Secretary Warns of Having Crypto In Retirement Plans

U.S. Treasury Secretary Janet Yellen warns of having crypto In retirement plans. A large number of financial companies including giants like Fidelity have been working to offer crypto exposure in the 401 (k) retirement plans. Janet Yellen has issued a strong warning on this matter and has asked Congress to intervene. She said that cryptos become a very risky choice as part of the retirement plans for average savers. “It’s not something that I would recommend to most people who are saving for their retirement. To me it’s very risky investment.”
Source

Policy and Regulation

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