U.S. Senator to Reintroduce Cryptocurrency Retirement Bill to Support Trump’s Policy Agenda
ChainCatcher news, according to Cointelegraph, U.S. Senator Tommy Tuberville from Alabama plans to push the Financial Freedom Act for the third time, allowing Americans to include cryptocurrency in their retirement savings plans. He stated that he will resubmit the bill on April 1 to help Trump shape the image of a "crypto-friendly president."
The bill aims to limit the Department of Labor's regulation of 401(k) investment options, first proposed in 2022, and was co-sponsored by Wyoming Senator Cynthia Lummis in 2023. This move comes as the Republican-led Congress pushes for legislation on cryptocurrency market structure and stablecoin regulation, with supporters hoping to submit it for presidential approval before the August recess.
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