New York Attorney General recommends banning investment in cryptocurrency through retirement funds

ChainCatcher news, New York Attorney General Letitia James has suggested banning cryptocurrency investments in fixed contribution plans and Individual Retirement Accounts (IRAs).

In a letter to U.S. lawmakers, Letitia James requested legislation to prohibit American citizens from using funds in personal retirement accounts and fixed contribution plans such as 401(k) and 457 plans to purchase cryptocurrencies and digital assets.

On the other hand, Letitia James clarified the distinction between digital assets and blockchain technology. Letitia James believes that American citizens should be allowed to purchase shares of publicly traded blockchain companies in their retirement accounts. (source link)