Democrats in Congress are pressing back against a US Department of Labor (DOL) 
proposal that could significantly expand how Americans can use 401(k) 
retirement accounts—particularly by allowing allocations to crypto assets. In 
a letter shared with The Guardian, Senator Bernie Sanders, Senator Elizabeth 
Warren, and House education and workforce committee ranking member Bobby Scott 
of Virginia said the proposal would place an estimated $14.2 trillion in 
401(k) savings at risk. They also warned that the change likely would not 
survive a court challenge. The Fight Over Crypto Access In Retirement Plans 
According to the letter, the proposal would “strip long-held investor 
protections from retirement savers” and encourage “more risky, complex, and 
expensive investments.” The lawmakers called it harmful to American workers, 
pointing to the way these alternative assets can behave during market stress. 
They argue that extreme price swings are not a hypothetical risk but a known 
feature of the crypto market and other private-market products. Related 
Reading: Bitcoin Price Falls To $67,000 And Breaks The Map For Bulls—Here’s 
What Happens Next Beyond price volatility, the lawmakers warned that the 
change could mean higher costs. They said the rule could expose workers to 
higher fees and erode long-term returns. Those concerns have also been echoed 
by regulators and watchdog groups. The Financial Industry Regulatory Authority 
(Finra) has cautioned that crypto investments “have experienced higher levels 
of volatility relative to more traditional investment assets” and that “the 
risk of losing all of your investment is significant.” In addition, the FBI 
reported that cryptocurrency fraud complaints are among the highest-loss 
categories in cyber-enabled fraud. The bureau said Americans reported more 
than $11 billion in losses in 2025, underscoring what Democrats describe as 
another layer of danger beyond market swings. Critics See Conflict Of Interest 
Democrats also raised questions about political and financial connections. 
They pointed to alleged links between the crypto industry and President Donald 
Trump, arguing the proposal could present a conflict of interest. The Trump 
administration, however, has defended the approach as a way to expand 
investment choices. In a statement, the labor secretary’s acting counterpart, 
Keith Sonderling, said: The department’s days of picking winners and losers 
are over. Our rule clearly spells out that managers must evaluate any and all 
potential product offerings by following a prudent process. Related Reading: 
Binance Unveils Trading Access To Over 7,000 US Stocks, ETFs—And Adds A New 
Tokenization Plan Treasury Secretary Scott Bessent similarly argued the move 
advances the administration’s broader goals, adding that the Treasury 
Department is “proud of this rule-making effort,” describing it as another 
step toward President Trump’s “Golden Age.” Featured image created with 
OpenArt; chart from TradingView.com

Democrats in Congress are pressing back against a US Department of Labor (DOL) proposal that could significantly expand how Americans can use 401(k) retirement accounts—particularly by allowing allocations to crypto assets. In a letter shared with The Guardian, Senator Bernie Sanders, Senator Elizabeth Warren, and House education and workforce committee ranking member Bobby Scott of &#8230;

Crypto In 401(k)s: Senators Sanders, Warren Letter Warns $14 Trillion At Risk From DOL Proposal

Rising Eurozone inflation pressures the ECB to tighten monetary policy, 
potentially impacting global markets and crypto investment strategies.
The post Eurozone inflation rises to 3.2%, bolstering ECB rate hike case in 
June appeared first on Crypto Briefing.

Rising Eurozone inflation pressures the ECB to tighten monetary policy, potentially impacting global markets and crypto investment strategies. The post Eurozone inflation rises to 3.2%, bolstering ECB rate hike case in June appeared first on Crypto Briefing.

Eurozone inflation rises to 3.2%, bolstering ECB rate hike case in June

Stablecoin use is accelerating beyond crypto trading, with filtered 
transaction velocity reaching a record 49.7 times annualized. At the same 
time, bitcoin and ethereum spot ETFs are facing sustained outflows, raising 
questions about the depth of institutional demand. Bitcoin ETF Outflows Hit 
$6.6B as Stablecoin Payments Accelerate Stablecoins are showing signs of a 
major shift […]

Stablecoin use is accelerating beyond crypto trading, with filtered transaction velocity reaching a record 49.7 times annualized. At the same time, bitcoin and ethereum spot ETFs are facing sustained outflows, raising questions about the depth of institutional demand. Bitcoin ETF Outflows Hit $6.6B as Stablecoin Payments Accelerate Stablecoins are showing signs of a major shift &#8230;

Stablecoin Activity Surges to 49.7x Velocity as Crypto ETF Outflows Deepen

Strategy&#8217;s Bitcoin sale signals a shift in corporate crypto strategies, 
potentially influencing other firms to reconsider their Bitcoin holdings.
The post Strategy&#8217;s rare Bitcoin sale sparks broader market ramifications 
appeared first on Crypto Briefing.

Strategy&#8217;s Bitcoin sale signals a shift in corporate crypto strategies, potentially influencing other firms to reconsider their Bitcoin holdings. The post Strategy&#8217;s rare Bitcoin sale sparks broader market ramifications appeared first on Crypto Briefing.

Strategy’s rare Bitcoin sale sparks broader market ramifications

The AI venture could revolutionize private sector efficiency, potentially 
attracting investors seeking innovative cost-cutting solutions.
The post Former Department of Government Efficiency staffers unveil AI venture 
to cut waste using DOGE strategies appeared first on Crypto Briefing.

The AI venture could revolutionize private sector efficiency, potentially attracting investors seeking innovative cost-cutting solutions. The post Former Department of Government Efficiency staffers unveil AI venture to cut waste using DOGE strategies appeared first on Crypto Briefing.

Former Department of Government Efficiency staffers unveil AI venture to cut waste using DOGE strategies

The tech sector&#8217;s surge highlights AI&#8217;s transformative impact, reshaping 
investment strategies and market dynamics with potential volatility.
The post US technology sector surges 42% in two months, biggest rally in 24 
years appeared first on Crypto Briefing.

The tech sector&#8217;s surge highlights AI&#8217;s transformative impact, reshaping investment strategies and market dynamics with potential volatility. The post US technology sector surges 42% in two months, biggest rally in 24 years appeared first on Crypto Briefing.

Crypto In 401(k)s: Senators Sanders, Warren Letter Warns $14 Trillion At Risk From DOL Proposal

Comments