Senators wrote an open letter to the CEO of Fidelity regarding its bitcoin 401(k) plan.
Senators condemned the financial institution for offering bitcoin as an optional retirement investment strategy.
Senators was sent to the CEO of Fidelity Investments to condemn the company’s recent launch of a bitcoin 401(k) retirement plan.
The legislators continued to explain some statistics in detailing the small amount of money that is, on the median, held on these retirement accounts –– $33,472.
Additionally, as the senators pointed out in their letter, Fidelity also caps retirement investment allocations to bitcoin.
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