US Senators Ask $4.5 Trillion Investment Firm Fidelity to Reconsider Exposure to Bitcoin in Wake of FTX Implosion
Three US senators asked the major financial services firm Fidelity Investments to reconsider exposing workplace retirement plans to bitcoin (BTC). Democratic senators Richard Durbin, Elizabeth Warren, and Tina Smith penn...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Democratic senators Richard Durbin, Elizabeth Warren, and Tina Smith penned a letter to "strongly urge" the company's CEO Abigail Johnson to reconsider a decision to allow 401(k) plan sponsors to expose participants to bitcoin....
Read More: US Senators Ask $4.5 Trillion Investment Firm Fidelity to Reconsider Exposure to Bitcoin in Wake of FTX Implosion
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin’s Volatility May Be Down But Expect a ‘Meaningful Move’ Soon, Says Fidelity
Bitcoin Magazine Bitcoin’s Volatility May Be Down But Expect a ‘Meaningful Move’ Soon, Says Fidelity Bitcoin has been sitting stil...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...
SEC Proposes Regulation Crypto Assets, Its First Major Crypto-Specific Offering Rules, With Two Exemptions and a Safe Harbor
SEC Tuesday proposed Regulation Crypto Assets, the agency’s first rulemaking written specifically for crypto asset offerings. The...
Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive
AIxCrypto Holdings, a Nasdaq-listed company shifting from a digital-asset treasury toward robot rentals, plans an orderly exit fro...
Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC
Wall Street institutions increased their exposure to Strategy's MSTR in the second quarter, just before Michael Saylor’s Bitcoin a...
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 4...