U.S. Senator: Trump's allowance of private equity and crypto assets in retirement savings could lead to millions of Americans suffering losses.

Odaily News Senator Elizabeth Warren of the Democratic Party and independent Senator Bernie Sanders stated that President Trump’s move to allow private equity and Crypto Assets to occupy a larger proportion of ordinary retirees' investment portfolios could result in economic losses for millions of Americans. Warren and Sanders said, “This executive order exposes these hard-earned savings to extremely volatile financial instruments while also attempting to repackage them as 'alternative assets,' but in reality, these instruments lack transparency and the claims of high returns are exaggerated.”

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