Janet Yellen advocates regulation of cryptocurrencies as she says they are a “very risky” option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. for retirement savings.
- U.S. Treasury Secretary believes crypto is “very risky”
- Yellen made special reference to their inclusion in retirement plans.
- Referred to the inclusion of crypto by Fidelity
The U.S. Treasury Secretary, Janet Yellen, continues to keep a close refers to the closing price; similar to the same term used in stock trading. eye on the world of cryptocurrencies and the news that it generates, in order to safeguard what they can mean for the economy of her country. For example, in May she said that the collapse of Terra, which affected the rest of the crypto,no representaba un riesgo para EE.UU. He had also said that this collapse was nothing more than a call to regulate stablecoins .
Yesterday he also addressed another hot topic regarding cryptocurrencies, which is especially related to their inclusion in American retirement plans.
Relatedly, Yellen said that cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. assets are a “very risky” option to include in the average savers’ retirement plans, and that it would be reasonable for Congress to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the danger.
“It’s not something I would recommend to most people who are saving for retirement.” dijo Yellen ayer en un evento organizado por el New York Times en Washington. “For me it’s a very risky investment.”
Yellen was responding to a question about an announcement fromFidelity Investments, headquartered in Boston, in April that it would add a crypto option to the retirement plans it administers . The Department of Labor has already signaled its opposition.
In this regard, Yellen said that it would be reasonable for Congress to regulate which assets could be included in tax-advantaged retirement vehicles, such as 401(k) plans.
“I’m not saying I recommend it, but in my opinion it would be a reasonable thing to do.” dijo sobre la acción del Congreso.
It’s worth remembering that Fidelity announced in April its intention to offer 401(k) with Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. later this year. Savings programs are heavily regulated, so the Treasury secretary’s stance on Fidelity’s new initiative shouldn’t seem strange, says UToday . The U.S. Department of Labor also issued a warning against placing cryptocurrencies in people’s 401(k) accounts, signaling its opposition.
Sen. Lummis also weighs in
Also, Senator Cynthia Lummis recently discussed whether or not Bitcoin debería incluirse en el plan de jubilación 401(k), al que algunos empleados estadounidenses aportan una parte de sus salarios a sus cuentas para ahorrar para la jubilación. Sobre ello comentó que cree que la postura hostil del Departamento de Trabajo acerca de la inclusión de criptomonedas en los ahorros para la jubilación podría ser incorrecta. Sostiene que Bitcoin can be used in two ways: as part of a diversified retirement asset allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. and as a store of value.
A smart investment strategy, according to Lummis, combines assets that generate short-term gains gains refer to an increase in value or profit. as well as assets that can keep funds from depreciating. According to her, Bitcoin may be one of the latter, since BTC “really shines “as a store of value.
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