US lawmakers ask Fidelity to drop its Bitcoin 401k plan

US lawmakers ask Fidelity to drop its Bitcoin 401k plan
фото показано с : invezz.com

2022-11-23 17:56

United States lawmakers are asking Fidelity Investments, the leading provider of 401(k) accounts in the US, to reconsider its decision to offer Bitcoin as part of its customers’ retirement plans.

The latest push, according to a report out early Tuesday, comes even as the cryptocurrency industry battles fresh contagion fueled by crypto exchange FTX’s collapse.

The group of US senators are voicing fresh concerns over Fidelity’s plans and wish to see the company drop the offer. According to the lawmakers, and as indicated in their joint letter, FTX’s troubles and the events leading to its bankruptcy filing are clear signals that the sector has problems.

In their letter, three US Senators – Elizabeth Warren, Tina Smith and Richard Durbin – asked Fidelity not to go through with its 401(k) plan on Bitcoin.

It’s not the first time US legislators are voicing concern over Fidelity’s plans, with a previous letter also suggesting the move could see customers harmed. 

In this week’s letter, the senators say crypto is replete with “charismatic wunderkinds” and fraudsters, whose shady doings expose customers to various risks.

The post US lawmakers ask Fidelity to drop its Bitcoin 401k plan appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61893.9 (+0.24%)
Объем 24H $26.622b
Изменеия 24h: -0.93 %, 7d: -1.36 %
Cегодня L: $61392.69 - H: $61893.9
Капитализация $1219.28b Rank 1
Цена в час новости $ 16184.37 (282.43%)

bitcoin fidelity lawmakers offer decision reconsider part

Источник: invezz.com

bitcoin fidelity → Результатов: 126


Фото:

В Fidelity ответили на расхожие аргументы против биткоина

Главный аналитик подразделения по работе с цифровыми активами компании Fidelity Investments Риа Бхуториа дал ответ критикам первой криптовалюты по шести наиболее распространенным тезисам. From “bitcoin is wasteful” to “bitcoin is too volatile to be a store of value,” our Director of Research @riabhutoria dispels the most common bitcoin misconceptions.

2020-11-16 21:32


Bitcoin Has Evolved Into A Savings Technology And A Tool for Freedom: Fidelity Digital Assets

As the past decade ends, the latest mainstream big shot entrant in the crypto industry Fidelity Investments reflected on the maturation of the infrastructure of the Bitcoin market. The report states, “In a few short years, Bitcoin’s story has critically evolved to recognize the true potential of the network — as a new type of […]

2020-1-11 20:29


Фото:

Fidelity Locks in Galaxy Digital as its First Crypto Client, “Robust Pipeline” of Customers to Come

Just days after blowing the lid off their new institutionally oriented cryptocurrency outfit, and Fidelity Investments has already bagged one of blockchain’s household names as its first client. And this client is Galaxy Digital — the multi-service, digital asset merchant bank headed up by billionaire Bitcoin bull Mike Novogratz — who will become the first […] The post Fidelity Locks in Galaxy Digital as its First Crypto Client, “Robust Pipeline” of Customers to Come appeared first on CryptoSlate.

2018-10-19 22:00


Фото:

Pantera Capital CEO: A Bitcoin ETF is ‘Years Away’

Pantera Capital CEO Dan Morehead believes a Bitcoin-ETF approval is insignificant in comparison to Bakkt and Fidelity launching cryptocurrency trading platforms for institutional investors. Too Early for a Bitcoin ETF, Says Pantera Capital CEO Yesterday, Pantera Capital founder and CEO, Dan Morehead spoke with Messari director of business development and panel moderator Katherine Wu at Bloomberg’s Institutional Crypto Conference.

2018-10-17 14:00


Фото:

Ex-Goldman Sachs Partner Sees Institutional Flows Into ‘Purely’ Cryptoassets By Early 2019

Mike Novogratz thinks Bitcoin’s long-awaited institutional investor pile-in will happen by Q2 2019 as his Galaxy Digital tests Fidelity Investments’ new custody solution. Custody Opens Road To Influx In ‘Q1/Q2’ 2019 Speaking to Bloomberg October 15, the infamously bullish Novogratz said that while Bitcoin market maturity was taking “a little longer than you hoped it would,” the advent of custody improvements like Fidelity’s would ultimately facilitate institutional onboarding.

2018-10-17 22:00


Fidelity Investments хочет выпустить свои криптопродуты к концу года

Генеральный директор Fidelity Investments Абигайль Джонсон сообщил, что компания работает над рядом продуктов и предложений, связанных с криптовалютами и блокчейн, причем их выпуск предварительно устанавливается на определенное время.

2018-9-19 11:41


Фото:

Fidelity предложила клиентам биржевые ноты на bitcoin

Американская холдинговая компания Fidelity Investments, оказывающая финансовые услуги, дала клиентам возможность приобретать биржевые ноты (ETN) на bitcoin. ETN предоставляются фирмой XBT Provider, чьи акции котируются на шведской NASDAQ.

2018-8-20 13:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

CoinTracker expands crypto tax solution to Arbirtrum, Optimism, and Cosmos

CoinTracker, the leading cryptocurrency tax and portfolio tracker tool, has expanded its solution to Arbitrum, Optimism and Cosmos blockchains. With this multichain support, even more crypto users can now handle their digital asset tax filing seamlessly across different blockhains, the CoinTracker team said in an announcement.

Sovryn secures $5.4M in latest funding round led by General Catalyst

Sovryn, a Bitcoin-based DeFi protocol, has today announced that it secured $5. 4 million in its latest funding round led by General Catalyst. The funds will be directed towards expanding Sovryn’s global financial operating system for providing individual self-sovereignty and financial autonomy to people around the world.