Sen. Brown’s cryptocurrency crackdown should start with federally tax-advantaged retirement plans – cleveland.com

To Sen. Sherrod Brown and other legislators concerned by the financial bubble that Bitcoin and other cryptocurrencies have been (”Banking committee chair Brown calls for crypto crackdown,” Jan. 3):
Ask one of your staff to do an internet search on “IRA crytocurrencies.” The results will suggest the bad news that federally tax-advantaged Keogh, IRA and Roth IRA retirement plans have permitted these “investments” for many years. That furnished a government endorsement of these schemes and increased the flow of funds into them.
There is your low-hanging fruit, Sen. Brown.
Arnold Berger,
Cleveland
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