Senators warn Trump's crypto plan for retirement funds could cause financial losses

Democratic Senator Elizabeth Warren and Independent Senator Bernie Sanders have warned that a move by President Trump to increase the allocation of cryptocurrency in retirement portfolios could lead to financial losses for millions of Americans. According to Bloomberg, the senators stated that the president's executive order exposes hard-earned savings to volatile financial products while attempting to package them as alternative assets. They argued that these assets actually lack transparency and have exaggerated returns.