Bitcoin's price dipped under $67,000, coinciding with a significant fall in MicroStrategy's stock and renewed calls from U.S. senators to restrict crypto in 401(k)s.
A group of prominent U.S. lawmakers is actively opposing the Department of Labor's potential move to allow cryptocurrency investments within 401(k) retirement plans.
Senators Bernie Sanders and Elizabeth Warren are pressing the Labor Department to abandon a proposed rule that would permit cryptocurrencies in 401(k) retirement plans.
Senators Bernie Sanders and Elizabeth Warren are urging the Department of Labor to prohibit cryptocurrencies and other high-risk assets from 401(k) retirement plans, citing risks to retirees.