Secure 2.0 is poised to be signed into law. It adds new exceptions to the 10% early withdrawal penalty for individual retirement accounts and 401(k) plans.
Crypto exchange giant Binance, the firm that would potentially bail out FTX, is facing its own questions now, and investors are selling out of its native coin.
401(k) savers are raiding their nest eggs due to financial hardship at elevated rates, suggesting they need fast cash amid quickly rising consumer prices.
Binance CEO Changpeng Zhao said the cryptocurrency exchange has seen only a slight uptick in withdrawals and is operating fine.
New FTX CEO says the bankrupt exchange is “in the process of removing trading and withdrawal functionality” and moving digital assets to cold storage.
FTX’s U.S. website says trading ‘may be halted’ in a few days but withdrawals still available