Tina Smith sent a letter to Fidelity this week asking, among other things, why it didn’t heed earlier concerns by the Department of Labor on the issue of including cryptocurrencies in 401 retirement accounts.
Last week, a top DOL official reiterated the agency’s worries that Americans’ retirement security could be put at risk.
Bitcoin, meanwhile, is down nearly 22% this year, according to data from CoinDesk.