Rep. Maxine Waters submitted an 11-page comment letter urging the U.S. Labor Department to withdraw a proposal that would encourage 401(k) plan managers to offer alternative investments, including cryptocurrency.
According to NS3.AI, Waters argued that digital assets should not be treated as suitable retirement investments while the U.S. Securities and Exchange Commission is still developing investor protection measures.
Waters’ letter focused on concerns about including crypto among retirement-plan options under the proposed approach to alternative investments.
Maxine Waters Urges Labor Department to Drop Proposal Encouraging Crypto in 401(k) Options
2026-06-26 19:42:41
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