Bitwise chief investment officer Matt Hougan criticized resistance to Bitcoin inclusion in 401(k) retirement plans, arguing that volatility alone is not a valid reason to restrict access. Hougan said Bitcoin’s recent price swings compare favorably with those of major equities, noting that some widely held technology stocks have experienced larger fluctuations without regulatory limits.
The remarks came as Senator Elizabeth Warren pressed the Securities and Exchange Commission for clarity on how it would protect retirement savers if crypto assets are allowed in defined-contribution plans. Warren warned that crypto exposure could introduce higher fees, market manipulation risks, and volatility that may undermine long-term retirement security.
The debate follows an executive order signed last year directing the Labor Department to reassess restrictions on alternative assets in 401(k) plans. While federal agencies have adopted a more neutral stance, the issue highlights broader tensions between investor protection priorities and efforts to integrate digital assets into traditional retirement frameworks.
