US SEC Chair Atkins: Education is key for crypto in retirement accounts
SEC Chair Paul Atkins signaled openness to including cryptocurrencies in 401(k) retirement plans, stressing the importance of investor education.
US Securities and Exchange Commission (SEC) Chair Paul Atkins showed openness to allowing cryptocurrencies in 401 (k) retirement plans for Americans, but highlighted the need for responsible disclosure.
During a Bloomberg interview published Friday, Atkins did not rule out allowing cryptocurrencies into 401 (k) plans. Still, he emphasized that education on the risks associated with such an investment is crucial.
“Disclosure is key and that people need to know what they are getting into,” Atkins said when asked about the potential inclusion of crypto into 401 (k) plans. Still, he added that he looks “forward to whatever may come out from the president.”
