U.S. Senators Bernie Sanders and Elizabeth Warren are pressing the Department of Labor to withdraw a proposed rule that would allow certain retirement-plan fiduciaries to offer investments that include higher-risk assets, including crypto, in 401(k) plans. According to reporting, the lawmakers argue the approach could expose retirees to greater financial risk. They also contend that the proposal would not adequately protect participants who rely on retirement savings. The senators’ request centers on the idea that the rule would expand the range of permitted investments for plan fiduciaries, potentially bringing digital assets and other speculative or illiquid products into mainstream retirement accounts. The senators say the measure could harm retirees and should be dropped rather than finalized. The outlets covering the issue describe their push as a direct call for the Department of Labor to scrap the proposal rather than proceed. The dispute focuses on whether the regulatory change appropriately safeguards workers’ retirement funds while maintaining flexibility for fiduciaries.