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US Senator: Trump's expansion of cryptocurrency and private equity among retired savers could cost millions of Americans

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2025-10-29 15:35:07
According to Bloomberg, Democratic U.S. Senator Elizabeth Warren and Independent Senator Bernie Sanders have said that President Trump's move to allow private equity and cryptocurrencies to account for a larger share of the average retirement saver's portfolio could cost millions of Americans financially.
"This executive order exposes these hard-earned savings to highly volatile financial instruments, while also attempting to rebrand them as'alternative assets' that in reality lack transparency and claims of high yields are exaggerated," Ms Warren and Ms Sanders said.
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