According to The Guardian, American Democrats oppose the Department of Labor's proposal to allow 401(k) retirement plans to invest in assets such as cryptocurrencies, private credit, and private equity. Senators Bernie Sanders, Elizabeth Warren, and Representative Bobby Scott stated in a joint letter that the rule could expose approximately $14.2 trillion in retirement savings to more complex, higher-risk, and more costly assets, thereby weakening long-term returns.
The letter also cited the Trump MEME token as an example, stating that it surged to over $75 per token in January 2025 and has now fallen to about $2, demonstrating the extreme volatility of high-risk assets.
According to The Guardian, American Democrats oppose the Department of Labor's proposal to allow 401(k) retirement plans to invest in assets such as cryptocurrencies, private credit, and private equity. Senators Bernie Sanders, Elizabeth Warren, and Representative Bobby Scott stated in a joint letter that the rule could expose approximately $14.2 trillion in retirement savings to more complex, higher-risk, and more costly assets, thereby weakening long-term returns.
The letter also cited the Trump MEME token as an example, stating that it surged to over $75 per token in January 2025 and has now fallen to about $2, demonstrating the extreme volatility of high-risk assets.