Senator Tuberville to Introduce Bill Allowing 401(k) Investments in Bitcoin and Crypto

Senator Tommy Tuberville is set to reintroduce the Financial Freedom Act, a bill that aims to allow for Bitcoin and cryptocurrency investments within 401(k) plans. This move directly challenges existing regulations on crypto assets imposed by the Department of Labor, arguing that Bitcoin’s consistent long-term performance warrants such inclusion in retirement savings. Senator Tuberville’s initiative reflects his dissatisfaction with the Biden administration’s approach to crypto regulation and follows a period under the Trump administration when crypto investment within 401(k) plans was explored.