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Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k) -Breaking

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Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k)

Alabama Republican Senator Tommy Tuberville unveiled the Financial Freedom Act, a new bill that allows Americans to add cryptocurrency into their 401k retirement savings plans.

The new bill is Tuberville’s Response to the United States 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. Cointelegraph reported that the DOL stated employees believed crypto could pose a risk to investors. Who chooses to invest in cryptocurrencyTheir 401(k), could draw legal attention.