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US Senators: Trump's Expansion of Cryptocurrency and Private Equity in Retirement Accounts Could Lead to Losses for Millions of Americans
Summary: According to reports, US Democratic Senator Elizabeth Warren and Independent Senator Bernie Sanders have stated that President Trump's decision to allow private equity and cryptocurrency to make up a larger portion of ordinary retirement accounts could result in economic losses for millions of Americans. Warren and Sanders said, 'This executive order exposes hard-earned savings to ...
According to reports, US Democratic Senator Elizabeth Warren and Independent Senator Bernie Sanders have stated that President Trump's decision to allow private equity and cryptocurrency to make up a larger portion of ordinary retirement accounts could result in economic losses for millions of Americans. Warren and Sanders said, 'This executive order exposes hard-earned savings to highly volatile financial instruments, while also attempting to repackage them as 'alternative assets,' but in reality, these instruments lack transparency and the claims of high returns are exaggerated.' (Bloomberg)
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Link: US Senators: Trump's Expansion of Cryptocurrency and Private Equity in Retirement Accounts Could Lead to Losses for Millions of Americans [Copy]
