US SEC Chairman: The time is ripe to allow cryptocurrencies into 401(k) retirement accounts.

PANews reported on January 30 that, according to Cryptopolitan, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the time is ripe to allow cryptocurrencies to enter 401(k) retirement accounts in a cautious and secure manner through professional management.

Atkins noted that many people already have access to these assets through the pension funds it manages, so the goal is to cautiously allow 401(k) plans to offer similar access under professional management and retiree protection measures. This statement is a response to critics such as Democratic Senator Elizabeth Warren, who has warned that the volatility and lack of transparency of cryptocurrencies could threaten the retirement security of millions of Americans.