US lawmaker will reintroduce crypto retirement bill to help Trump agenda

Quick Summary:

In announcing the bill, the Alabama senator said he wanted to help US President Donald Trump’s perceived role as a “crypto president.” “Give people a chance to breathe for once [...] let them do what they do best [which] is invest their money,” said the senator. The Financial Freedom Act, which Tuberville first introduced in the US Senate in May 2022, proposed scaling back regulations with the Department of Labor over the types of investments used in 401(k) retirement plan fiduciaries.

In a 2022 interview, the Republican senator said she was “very comfortable with making sure that people can include Bitcoin in their retirement funds.”Crypto legislation in the 119th session of CongressThe crypto retirement bill came as members of the Republican-controlled Congress considered legislation to establish market structure rules for the industry and stablecoin regulations.

Related: Trump-linked crypto ventures may complicate US stablecoin policyWyoming Senator Cynthia Lummis was a cosponsor of the 2023 bill, but at the time of publication, it was unclear whether she intended to support it again.

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Author / Journalist: Cointelegraph by Turner Wright

Category: Crypto

Markets: United States

Topics: Crypto Time 2023 Tuberville Bill 2022 Reintroduce Legislation Senator Support Retirement

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 18:02:06 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27522835

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