Bitwise calls 401(k) Bitcoin allergy 'ridiculous' as Warren presses SEC
Bitwise Asset Management has criticized the reluctance of 401(k) plans to include Bitcoin as an investment option, labeling it a "ridiculous" stance. The firm argues that this aversion to cryptocurrency is unfounded, especially as institutional interest in Bitcoin continues to grow. Senator Elizabeth Warren has been pressing the SEC to take a more active role in regulating cryptocurrency investments, highlighting concerns over investor protection. Bitwise believes that allowing Bitcoin in retirement accounts could provide significant benefits to investors. The ongoing debate underscores the tension between traditional financial systems and the emerging crypto market.
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