PANews reported on April 2nd that according to Cointelegraph, U.S. Senator Tommy Tuberville from Alabama is planning to push the Financial Freedom Act for the third time, which aims to allow Americans to include cryptocurrency in their retirement savings plans. In an interview with Fox News on March 31st, this Republican senator stated that he would resubmit the bill, which had failed twice in 2022 and 2023, and said this move is intended to help President Trump shape the image of a "crypto-friendly president".

The core content of the bill is to limit the regulatory authority of the U.S. Department of Labor over investment targets in 401(k) retirement plans, first proposed in May 2022. Notably, Wyoming Senator Cynthia Lummis co-signed the 2023 version of the bill. This Republican had previously publicly stated support for "including Bitcoin in retirement funds", but her latest stance has not been confirmed as of the time of writing. The advancement of this crypto retirement fund bill comes as the 119th Congress, led by Republicans, reviews the cryptocurrency market structure bill and stablecoin regulatory framework. Supporters are calling for submitting the related bill to President Trump for signature before the August congressional recess to avoid potential political interference later.