Crypto expert on Warren pushing back against bitcoin in 401(k): Fidelity knows what’s good for their customers

JOHN WU: For every lawmaker that has issues with this and I think for Senator Warren, it's not just about bitcoin. She sees this probably as a gateway to all crypto, the whole asset class. For every senator that is against us, there's another one like Tuberville…who's now trying to do a financial freedoms act to protect this. And I think you and I were both in LA for the Milken conference. You saw the excitement between the enterprises and the financial services firms for this asset class. So I think putting it away from the access for 401(k)'s is a bad move.

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