U.S. lawmakers urge Fidelity to abandon offering Bitcoin exposure in retirement plans

ChainCatcher News: Three U.S. senators sent a letter on November 21 to Fidelity Investments CEO Abigail Johnson, urging Fidelity to reconsider its decision to allow retirement plan participants to invest in Bitcoin, stating that the industry has become increasingly "volatile and chaotic."

Previously, Fidelity planned to allow retirement savers to deposit their Bitcoin into 401(k) accounts. The 401(k) plan is a retirement benefit plan offered by U.S. companies that allows employers to establish a tax-deferred retirement savings plan for employees, and this pension can be invested in funds, stocks, and more. (Decrypt)