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

since the firm has been working with crypto products since 2017. They also mentioned that crypto investments bear “significant risks of fraud, theft and loss.”While the DOL’s new guidance does not name Fidelity specifically, it notes that its

of monetary law through cryptocurrency could lead to the shut down of trading platforms, which ultimately hurts investors.Senator Tuberville promised that the Financial Freedom Act would prohibit the DOL from limiting what types of investments a self-directed 401 retirement plan can invest in. He stated succinctly at the end of his op-ed that “The Labor Department should not be able to limit the range or type of investments retirement savers can select.

“Whether or not you believe in the long-term economic prospects of cryptocurrency, the choice of what you invest your retirement savings in should be yours — not that of the government.” So far, no other senators have yet to voice public support for the brand new bill. It would need to gain a majority of votes in the Senate to be passed along to the House of Representatives for further review. Democrats currently hold a majority in the Senate, which makes the passage of the legislation a steep and uphill battle. However, Tuberville has made his point loud and clear.

SenTuberville NewarBrian

SenTuberville NewarBrian XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

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Sen. Elizabeth Warren Questions Fidelity’s Plan to Put Bitcoin in 401(k)sIn a letter to Fidelity’s CEO, Sens. Elizabeth Warren and Tina Smith asked for information on the extent to which potential conflicts of interest might have affected the decision to offer bitcoin. Bet you young voters will choose her opponent. Even if it's a donkey. She's become irrelevant for the future. Is that any of her buziness? Cry harder, Karen.
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Alabama Senator Supports Allowing Crypto in Retirement Accounts.TTuberville says American workers should be able to put their retirement savings into Bitcoin
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Sen. Elizabeth Warren questions Fidelity's 'risky and speculative' plan to offer bitcoin in 401(k)sSens. Elizabeth Warren and Tina Smith voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky and speculative gamble.” My money, my choice! Btc in a mutual fund is like investing in Tesla or any other tech company Wtf does Pocahontas know about investing. Been a govt tick her whole life
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