Since the spring, it has helped lawmakers in Arizona, Missouri and elsewhere to draft legislation that would require pension funds to consider investing in ETFs and report back their findings. Advertisement“Those retirees would have loved to have some early investment in bitcoin in that fund,” he said in reference to the state’s pension. Named after the pseudonymous founder of bitcoin, Satoshi Nakamoto, the fund is not required by law to disclose its donors. Financial giants, including Fidelity and BlackRock, similarly have marketed crypto investments to pension managers around the world, hoping to score new business. But crypto skeptics saw the scandal as a warning, illustrating the risk for retirement funds if they embrace digital assets too aggressively.

Source: Washington Post August 04, 2024 17:31 UTC