US House Ways and Means chairman asks the GAO to check out crypto in retireme...

US House Ways and Means chairman asks the GAO to check out crypto in retireme...

It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government. Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401(k), are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns have arisen over crypto’s volatility and....


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