XRP Gets A Retirement Twist: Expert Calls It A 401(k)
First Ledger, a decentralized exchange on the XRPL, drew a sharp comparison this week when it said 401(k) and XRP are “basically the same thing” in their aim to grow long-term value. According to letters sent to the Securities and Exchange Commission, nine lawmakers — including House committee chairs French Hill and Ann Wagner — urged SEC Chair Paul Atkins to act on an executive order from US President Donald Trump that would make it easier for retirement plans to hold crypto. The move would touch roughly 90 million Americans who use 401(k) accounts. Related Reading: Dogecoin Warning:....
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An analysis presented by a Bitcoin expert indicates a huge chunk of the currency is now required for retirement in the US. Based on a chart posted by the analyst, “apsk32,” the average American citizen would need around 30 BTC to live comfortably during their retirement. Related Reading: Shiba Inu DEX Just Blew Up—244% Growth […]
U.S. Citizens might be able to invest in Bitcoin and digital assets as part of their pension and retirement plans, according to the Retirement Savings Modernization Act. Introduced by U.S. Senators Pat Toomey, Tim Scott, and Representative Peter Meijer. Related Reading: Facebook And Instagram Will Allow Users To Connect Their Crypto Wallets The bill was […]
If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account. The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC).The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, reported WSJ.If the proposal to allocate BTC to their....
American retirement savings represent a new beachhead for bitcoin — we just need to make sure people hold their own keys.
Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon, many Americans are rightfully concerned about their financial future,” said U.S. Senator Pat Toomey.
Retirement Savings Modernization Act Introduced
The U.S. Senate Committee on Banking, Housing, and Urban Affairs announced Thursday that Senators Pat Toomey (R-PA) and Tim Scott (R-SC) and....