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U.S. Lawmakers Latest Push to Block Crypto From 401(k) Plans

Regulation & Policy Stocks

2026-06-03 01:32:20

According to The Block, Senators Bernie Sanders and Elizabeth Warren and Representative Robert Scott urged the Labor Department to withdraw a proposed rule enabling 401(k) retirement plans to include cryptocurrency and other alternative assets. The lawmakers cited record 2025 crypto fraud losses exceeding $11 billion as a key concern, warning the rule would expose retirement savers to excessive risk and complex investments while eroding long-standing investor protections.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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