Democratic senators reprimand Fidelity Investments for pension funds exposed to BTC

Crypt critic Elizabeth Warren and two colleagues write again to Fidelity CEO to express their dissatisfaction with 401(k) offers exposed to cryptography. New

Three US senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services firm's decision to include Bitcoin-exposed funds in its 401(k) retirement plans. "This decision is extremely troubling," they wrote.

Democrats Dick Durbin, Elizabeth Warren and Tina Smith sent their letter on Tuesday. The letter, which is about a page and a half long, discussed Americans' retirement savings habits in general terms with minimal statistics but plenty of rhetorical flourishes and strings of adjectives. The money American consumers can invest in retirement funds is “hard-earned,” for example, and their “cryptocurrency casino” exposure is “a bridge too far.” The letter writers asked:

"When saving for retirement is already a challenge for so many Americans, why would Fidelity allow those who can save to be exposed to an untested and highly volatile asset like Bitcoin?"

There is no call to action in the letter other than "We look forward to your response."

US Senators Upset That Fidelity Investments Offers Bitcoin 401(k) Retirement Option

- Senators Warren, Durbin and Smithhttps://t.co/9YJMGgwE8g pic.twitter.com/Fgk9CprOce

Senators opposed funds introduced by Fidelity Investments in March. Warren, who represents Massachusetts, the state in which Fidelity Investments is based,