House Ways and Means Committee chair seeks info on crypto and retirement accounts oversight

Congressman Richard Neal, who chairs the House of Representatives Ways and Means Committee, asked the Government Accountability Office (GAO) to provide information about the nexus between cryptocurrencies and American retirement accounts. 

This area has been the subject of some controversy, following financial services giant Fidelity's move to allow clients to invest in bitcoin via their 401(k) accounts earlier this year. The US Labor Department, which warned about such options in a notice in March, later expressed concern about the Fidelity offering.

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