From the article;

In a letter dated June 1 to Acting Secretary of Labor Keith Sonderling, the senators and top Democrat of the House Committee on Education and Workforce, Rep. Robert “Bobby” Scott, said the proposed rule would expose people to more risk.

“The proposed rule would establish a so-called safe harbor for fiduciaries who offer alternative investments in retirement plans,” they said in the letter. “This would strip long-held investor protections from retirement savers and encourage the use of more risky, complex, and expensive investments.”

submitted by /u/zesushv [link] [comments]r/CryptoCurrencyRead More

You might also be interested in reading Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished.