US Senators to reintroduce crypto retirement bill to push “crypto president” Trump agenda

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ODAILY
04-02
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Planet Daily News: U.S. Senator Tommy Tuberville from Alabama stated that he plans to reintroduce the Financial Freedom Act on April 1st, allowing Americans to include cryptocurrencies in their 401(k) retirement savings plans. This is his third attempt to pass the bill since 2022 and 2023. In an interview with Fox News, Tuberville said that reintroducing the bill aims to support Trump's "crypto president" image and emphasized "giving people the opportunity to control their own funds". The bill advocates for reducing the U.S. Department of Labor's regulation on retirement account investment options. The 2023 version was previously co-supported by Wyoming Senator Cynthia Lummis, who had expressed support for including Bitcoin in retirement portfolios in 2022. This move comes at a critical time when the Republican-controlled Congress is advancing legislation on cryptocurrency market structure and stablecoin regulation, with legislators hoping to send the bill to Trump for signature before the August congressional recess to avoid politicizing the issue before the election. (Cointelegraph)

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