Fidelity Investments, one of the largest asset managers and 401(k) providers in the world, received another concerned letter from U.S. lawmakers concerned about the FTX fallout. Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, and Richard Durbin of Illinois all signed a letter urging Fidelity to reconsider its exposure to Bitcoin. In April this…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. He said this during a CNBC interview on June 10. In his opinion, the crypto market decline has not affected the interest being…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A retirement savings service provider, ForUsAll, is suing the U.S. Department of Labor over recent guidance issued to fund managers and companies that offer 401(k) holders the option to invest in crypto-assets, The Wall Street Journal reported. The San Francisco-based administrator…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Fidelity Digital Assets, a subsidiary of Fidelity Investments, will double its headcount, adding 110 additional tech workers by the end of the year. The new hires, which include engineers and blockchain developers, will work on building the infrastructure needed to support…
Senator Elizabeth Warren and Tina Smith have written a letter to Fidelity over its decision to allow Bitcoin investments in its 401(k) plans. The letter asked the investment firm why it failed to heed the Department of Labor (DOL) warning regarding crypto investments as part of pension retirement plans. Senator Warren questions Fidelity Bitcoin decision…