November 26, 2022

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New York AG pushes prohibition of crypto purchases via retirement funds

1 min read
New York AG pushes prohibition of crypto purchases via retirement funds

The turmoil surrounding crypto exchange FTX and

United States senators Elizabeth Warren, Tina Smith and Richard Durbin requested Fidelity Investments reconsider its Bitcoin (BTC) offering to retirement savers, stating:

“The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems.”

A Fidelity spokesperson told Cointelegraph that the company “has always prioritized operational excellence and customer protection.”