United States Senators on Monday issued yet another letter to Fidelity Investments, urging it to reconsider offering Bitcoin to its customers following the total collapse of cryptocurrency exchange FTX.
On Monday, Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, and Richard Durbin of Illinois addressed a letter to CEO Abigail Johnson requesting that investment giant Fidelity Investment drop its 401(k) Bitcoin plan. The three senators cited the fall of the crypto exchange FTX as the reason for the $4.5 trillion asset management firm to revise its Bitcoin offering to retirement savers.
Senators Warren and Smith in July sent a писмо to Fidelity commenting that the offering was a bad idea. In the latest letter, Senator Durbin joined the request. Monday’s letter said:
Уште еднаш, силно ги повикуваме Fidelity Investments да ја преиспита својата одлука да им дозволи на спонзорите на планот 401 (k) да ги изложат учесниците во планот на Bitcoin. Дополнително, неодамнешната експлозија на FTX, размена на криптовалути, стана јасно дека индустријата за дигитални средства има сериозни проблеми.
The letter further remarked:
The industry is full of charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors promoting financial products with little to no transparency.
The Senators continued by saying:
Since July, when we last raised concerns with you about the deeply concerning prospect of exposing workplace retirement plans to Bitcoin, its value has plummeted. While the full extent of the damage caused by FTX continues to unfold, the contagion is being felt across the broader digital asset market. Bitcoin is no exception.
Додавање:
Since our previous letter, the digital asset industry has only grown more volatile, tumultuous, and chaotic—all features of an asset class no plan sponsor or person saving for retirement should want to go anywhere near.
The Senators voiced their concerns over a retirement security crisis that already exists in the U.S. and said that Fidelity should not be exposing its customer’s retirement savings to an “unnecessary risk.”
Одрекување: Овој напис е даден само за информативни цели. Не е понуден или наменет да се користи како правен, даночен, инвестициски, финансиски или друг совет.
Source: https://cryptodaily.co.uk/2022/11/senators-urge-fidelity-to-drop-bitcoin-retirement-offering