U.S. Senator: Trump's expansion of cryptocurrency and private equity in retirement savings could lead to losses for millions of Americans

ChainCatcher news, according to Bloomberg, U.S. Democratic Senator Elizabeth Warren and Independent Senator Bernie Sanders stated that President Trump’s initiative to allow private equity and cryptocurrency to occupy a larger proportion of ordinary retirement savers' portfolios could lead to economic losses for millions of Americans.

Warren and Sanders said, "This executive order exposes these hard-earned savings to highly volatile financial instruments while attempting to repackage them as 'alternative assets,' but in reality, these instruments lack transparency, and the claims of high returns are exaggerated."