US Senator: Trump's expansion of cryptocurrency and private equity allocations in retirement accounts could cause millions of Americans to suffer losses

ChainCatcher news, according to Bloomberg, U.S. Democratic Senator Elizabeth Warren and Independent Senator Bernie Sanders stated that President Trump's move to allow private equity and cryptocurrency to take up a larger share in the investment portfolios of ordinary retirement savers could result in financial losses for millions of Americans.

Warren and Sanders said, "This executive order exposes these hard-earned savings to highly volatile financial instruments, while attempting to repackage them as 'alternative assets.' In reality, however, these instruments lack transparency, and the claims of high returns are exaggerated."