It is backed by U.S. treasury bonds, the safest asset in the world because the full faith and credit of the United States backing it up. If the trust funds were exposed to the volatility of the crypto market, the financial security under Social Security that our seniors depend on can be pulled out from under them, rising and falling with the swings of this risky asset. Here's the bottom line. Do we want to expose the bedrock promise of Social Security to risky assets like crypto? If your answer is no, I hope you'll support my amendment. (07:09–07:23)
CLAIM
Asserts that exposing Social Security trust funds to the crypto market would jeopardize financial security for seniors.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
