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

CoinRank News: Tommy Tuberville, a U.S. senator from Alabama, said that he plans to submit the Financial Freedom Act again on April 1, allowing Americans to include cryptocurrencies in their 401(k) retirement savings plans. This is his third attempt to push the bill through after 2022 and 2023. In an interview with Fox News, Tuberville said that the re-introduction of the bill is intended to support Trumps image as a crypto president and emphasize giving people the opportunity to control their own funds. The bill advocates reducing the U.S. Department of Labors regulation of retirement account investment options. The 2023 version was jointly supported by Wyoming Senator Cynthia Lummis, who expressed support for including Bitcoin in retirement investment portfolios in 2022. The move comes at a critical time when the Republican-controlled Congress is advancing legislation on crypto market structure and stablecoin regulation. Lawmakers hope to send the relevant bill to Trump for signature before the congressional recess in August to avoid politicization of the issue before the election. (Cointelegraph)