US Senators Will Revisit Crypto Retirement Bill, Pushing for Trump's Agenda for 'Crypto President'

Odaily Planet Daily News: Alabama Senator Tommy Tuberville has announced plans to resubmit the Financial Freedom Act on April 1st, allowing Americans to include cryptocurrency in their 401 (k) retirement savings plans. This is his third attempt to push the bill through after 2022 and 2023. Tuberville stated in an interview with Fox News that the reintroduction of the bill aims to support Trump's image as a "crypto president" and emphasizes "giving people the opportunity to control their own funds". The bill advocates reducing the regulation of retirement account investment options by the US Department of Labor. The 2023 version received joint support from Wyoming Senator Cynthia Lummis, who had expressed support for including Bitcoin in retirement investment portfolios in 2022. This move comes at a critical time when the Republican controlled Congress is pushing for legislation on cryptocurrency market structure and stablecoin regulation. Legislators hope to send the relevant bills to Trump for signature before the August congressional recess to avoid politicizing the issue before the election. （Cointelegraph）