Labor Department Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu

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Labor Department Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
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“We have grave concerns with what Fidelity has done,” a senior Labor Department official said of Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts

WSJ’s Dion Rabouin explains why Wall Street is now betting big on crypto and what that means for the new asset class and its future.

Photo composite: Elizabeth Smelovplan to allow investors to put bitcoin in their 401 accounts“We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street Journal.

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