U.S. House Democrat, who may soon run key committee, condemns crypto in 401(k)s
Maxine Waters, the ranking Democrat on House Financial Services, asked the chief of the Department of Labor to withdraw its proposal on alternative assets.
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Summary
- As the U.S. Department of Labor seeks to implement a plan from President Donald Trump to expand 401(k) retirement accounts to alternative investments, including crypto, a key member of the House of Representatives is asking the department to think again.
- Maxine Waters, the senior Democrat on the House Financial Services Committee and possible future chair, submitted an 11-page comment later requesting withdrawal of the proposal.
