Senator Elizabeth Warren, known for her skepticism towards digital assets, along with six fellow lawmakers, has sent a letter to SEC Chair Paul Atkins, raising concerns about President Trump’s proposal to allow 401(k) plans to invest in crypto, warning that this could jeopardize the retirement savings of American workers.

Concerns Raised Over Crypto In Retirement Funds

The Senators assert that cryptocurrencies are a highly volatile and speculative asset class, which they alleged pose significant risks to the retirement savings of Americans.

They reference guidance from the Department of Labor (DOL), which in 2022 advised plan fiduciaries to exercise “extreme care” before adding cryptocurrency options to 401(k) investment menus.

According to a Government Accountability Office (GAO

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