Senator's Financial Freedom Act would ensure Bitcoin can be in your 401(k)
The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor’s bid to block Bitcoin investments in self-directed 401(k) investment plans. Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add cryptocurrency to their 401(k) retirement savings plan unencumbered by regulatory guidance.The new bill is Tuberville's response to the Department of Labor’s (DOL) push to potentially keep crypto out of 401(k) investment plans due to its perceived potential for risk to investors. As....
Related News
Republican state senator Dusty Deevers recently introduced a bill allowing Oklahoma employees and residents to opt to receive salaries in Bitcoin and enable businesses to accept BTC payments. Related Reading: South Korea To Ease Institutional Crypto Investment Restrictions This Year Oklahoma Senator Introduces Bitcoin Freedom Act On January 8, Senator Dusty Deevers announced the Bitcoin […]
In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin. The senator highlighted the distinctive quality of Texas during […]
In a recent public statement, John E Deaton, a popular legal expert and cryptocurrency advocate has labeled Bitcoin, the largest digital asset, as a symbol of financial freedom and a key tool in the struggle against centralized financial control from major figures like the United States Senator Elizabeth Warren. Deaton’s commendation toward Bitcoin points to […]
Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. U.S. Senator John Hickenlooper sent a letter to the U.S. Securities and Exchange Commission (SEC) and its Chairman regarding crypto regulation. A controversial topic in this […]
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which investment class is next?” the lawmaker stressed.
Financial Freedom Act
The issue of what investments Americans can put in their retirement accounts has become a hot topic in Washington. In March, the Department of Labor issued guidance warning employers and investment firms against....