investor protection
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Elizabeth Warren Worries Crypto Could Spell Disaster for 401(k) Investors
Senator Elizabeth Warren has expressed serious concerns to SEC Chair Paul Atkins about investor protection regarding cryptocurrency in retirement plans. Warren highlights crypto’s volatility, opacity, and potential conflicts of interest, warning of significant losses for workers. She questions the SEC’s strategies for disclosures, market manipulation, and investor education, fearing a “tokenization loophole” could bypass oversight and jeopardize retirement savings. The SEC has declined to comment, with Chair Atkins previously emphasizing a balance between innovation and investor protection.
