401k – DIGIT INFO

State pension plans can adopt crypto more easily than private plans

DIGIT — Fri, 22 Nov 2024 18:05:27 +0000

Pension funds often feature smaller alternative asset allocations and deep liquidity to mitigate risk, Allie Itami told Cointelegraph.

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US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry

DIGIT — Wed, 23 Nov 2022 00:30:51 +0000

Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans Three […]

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US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans

DIGIT — Sat, 01 Oct 2022 02:30:10 +0000

Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon, many Americans are rightfully concerned about their financial future,” said U.S. Senator Pat Toomey. […]

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Fidelity will ‘shift’ retail customers into crypto soon, says Galaxy CEO

DIGIT — Tue, 13 Sep 2022 05:55:23 +0000

While Fidelity hasn’t yet confirmed rumors it will launch retail Bitcoin trading, the firm said enabling broader access to digital assets remained a key area of focus.

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US Treasury Secretary Yellen Warns Crypto Is ‘Very Risky’ — Unsuitable for Most Retirement Savers

DIGIT — Sun, 12 Jun 2022 01:30:33 +0000

U.S. Treasury Secretary Janet Yellen warns crypto is a “very risky investment,” adding that she would not recommend it to most people who are saving for retirement. However, Yellen noted that Congress could restrict the type of investments allowed in retirement accounts, including 401(k) plans. Janet Yellen on Investing in Cryptocurrencies for Retirement The topic […]

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Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official

DIGIT — Sat, 30 Apr 2022 11:30:09 +0000

The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that “cryptocurrencies can present serious risks to retirement savings.” U.S. Labor Department’s ‘Grave Concerns’ Over Fidelity’s Bitcoin 401(k) […]

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Fidelity’s New 401(k) Product Lets Workers Add Up to 20% in Bitcoin to Their Retirement Plans

DIGIT — Tue, 26 Apr 2022 16:00:09 +0000

The multinational financial services corporation based in Boston, Fidelity Investments, has revealed the firm is allowing people to add bitcoin into their 401(k) plan as long as the employer allows it. According to Fidelity’s head of workplace retirement offerings, the company has seen “growing interest from plan sponsors” that wanted to add bitcoin to retirement […]

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Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin

DIGIT — Sat, 11 Dec 2021 16:30:18 +0000

During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k in bitcoin as well. Pro-Bitcoin […]

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Pension provider partners with Coinbase to offer 5% exposure to crypto

DIGIT — Tue, 15 Jun 2021 04:39:28 +0000

Pension funds are looking to crypto investments despite the recent market sell-off.

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Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

DIGIT — Tue, 08 Jun 2021 07:30:39 +0000

On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner. Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused Alt 401(k) Plan […]

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