Fidelity Must Reconsider Bitcoin Exposure in 401(k)s: Senators

Democratic senators Dick Durbin, Elizabeth Warren and Tina Smith urge Fidelity Investments to reconsider allowing 401(k) plan sponsors to offer exposure to Bitcoin.

• “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” senators say in a letter to Fidelity CEO Abigail Johnson
• NOTE: Warren Queries Fidelity on Bitcoin Offerings for 401(k) Plans

To contact the reporter on this story:
Lauren Dezenski in Washington at ldezenski@bloomberg.net

To contact the editors responsible for this story:
Megan Howard at mhoward70@bloomberg.net

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