Cryptocurrencies
Yellen Says Crypto Is ‘Very Risky’ Option for Retirement Savers
- Treasury chief says Congress could act to limit options
- Authority would be based on tax advantages for saving plans
US Treasury Secretary Janet Yellen.
Photographer: Sarah Silbiger/BloombergThis article is for subscribers only.
US Treasury Secretary Janet Yellen said that crytocurrency assets are a “very risky” choice to include in the retirement plans of average savers, and that it would be reasonable for Congress to address the danger.
“It’s not something that I would recommend to most people who are saving for their retirement,” Yellen said Thursday in Washington at an event organized by the New York Times. “To me it’s very risky investment.”