US Bill To Let 401(k) Plans Invest In Bitcoin, Crypto – Bitcoin Magazine



  • Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.
  • The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies.
  • The bill is likely to be presented following the midterm elections in November 2022.

Three republican members of Congress presented a bill, named the Retirement Savings Modernization Act, designed to enable investment managers to offer bitcoin and cryptocurrencies in their 401(k) plans, per a Congressional filing.



Source link

Comments are closed, but trackbacks and pingbacks are open.