U.S. Senators Elizabeth Warren and Bernie Sanders have voiced strong concerns about the Trump administration’s push for incorporating cryptocurrencies into retirement plans, specifically 401(k) investments. In a letter addressed to SEC Chairman Paul Atkins and Labor Secretary Lori Chavez-DeRemer, they warn of potential negative consequences arising from this policy shift. The senators highlight President Trump’s recent advocacy for the retirement savings industry to embrace cryptocurrencies alongside the Labor Department’s reversal of cautious recommendations from the Biden administration regarding investments in private market funds and assets like cryptocurrency stocks and ETPs.