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Waters Warns Against Crypto in 401(k)s
Description
Congresswoman Maxine Waters is sounding the alarm on a Labor Department plan to let 401(k) managers offer crypto and other alternative investments, calling it dangerously risky for retirement savings. She’s demanding the proposal be scrapped, pointing to the SEC’s lack of regulatory clarity, market volatility, and a collapsing digital asset ecosystem. With potential control of the House Financial Services Committee on the line, Waters warns that without federal safeguards, Americans could face catastrophic losses — and she’s urging swift action before the rule becomes law.
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