Cryptocurrencies
Top Democrat Seeks Probe on Use of Crypto in Retirement Accounts
- House Democrat asks watchdog for data on crypto in 401(k)s
- Lawmakers divided on how to regulate cryptocurrencies
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House Ways and Means Chairman Richard Neal is asking a federal watchdog to scrutinize the emerging practice of retirement-savings programs offering cryptocurrency investments.
Neal, a Massachusetts Democrat, said in a letter to the Government Accountability Office that he’s worried about the lack of regulation for crypto investments, which could in turn harm retirees’ savings pools if they put money in such assets.