Sanders and Warren team up to oppose crypto in 401(k)s; I know this plot—it's just the beginning of the tug-of-war between traditionalists and emerging assets.

CoinWorld News reports that three U.S. members of Congress oppose the U.S. Department of Labor’s proposal to include crypto assets in 401(k) retirement plans. They noted that the volatility of digital assets and the lack of regulation and safeguards could endanger Americans’ retirement savings. In a letter to Acting Secretary of Labor Keith Sodding, Senators Bernie Sanders and Elizabeth Warren and Representative Bobby Scott urged the proposal to be withdrawn, arguing that the policy would expose retirement accounts to the risk of extremely unstable assets.