According to US Treasury Secretary Janet Yellen, it is extremely risky to invest pension savings in digital currencies. These are very volatile instruments, so Congress needs to take action.
Yellen has repeatedly criticized virtual currencies in the past. According to her, such tools are used by criminals.
The volatility of digital assets poses great threats to investors, so the state must establish control over the cryptosphere.
During her speech last Thursday, Yellen said:
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This is not what I would recommend for most people who are saving for retirement. For me, this is a very risky investment. The Department of Labor also opposes pensioners' funds being invested in digital assets.
Janet Yellen urged Congress to take appropriate action to protect the savings of American retirees.
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According to the head of the Ministry of Finance, legislators need to draw up a list of assets in which citizens' pension savings can be invested.