U.S. Congresswoman Maxine Waters has written to the U.S. Department of Labor, urging them to withdraw the proposal allowing 401(k) retirement accounts to invest in crypto assets and other alternative assets. Waters, currently the top Democrat on the House Financial Services Committee, is likely to reclaim the chair position if Democrats regain the House majority in the midterm elections this November. Waters stated that it is inappropriate to include crypto assets in the retirement savings of ordinary Americans while the SEC has yet to establish a comprehensive investor protection framework for digital assets. She also pointed out that the digital asset market still faces regulatory gaps, market volatility, and risks of investor losses. (CoinDesk) https://www.(wublock123.com)/news/maxine-waters-opposes-crypto-in-401k-proposal-dismissal-63550