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2025-10-29 23:06:41
[Senior Senators Warn: Allowing Trump's Proposed Inclusion of Private Equity in 401(k) Plans Could Cause Millions of Americans to Suffer Losses] Democratic Senator Elizabeth Warren and Independent Senator Bernie Sanders have reportedly stated that Trump's move to allow private equity and cryptocurrencies to constitute a larger proportion of the portfolios of ordinary retirees could result in financial losses for millions of Americans. In their letter, Warren and Sanders stated, "This executive order exposes these hard-earned savings to highly volatile financial instruments while attempting to repackage them as 'alternative assets,' which in reality lack transparency and whose claims of high returns are exaggerated." Democratic Senators Ron Wyden, Dick Durbin, Jeffrey Merkley, Chris Murphy, and Tina Smith also signed the letter.
