US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans
https://krakow3d.com/wp-content/uploads/2022/10/us-lawmakers-introduce-bill-allowing-crypto-investments-in-401k-retirement-plans.jpg Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon, many Americans are rightfully concerned about their financial future,” said U.S. Senator Pat Toomey. Retirement Savings Modernization Act Introduced The U.S. Senate Committee on Banking, Housing, and Urban Affairs announced Thursday that Senators Pat Toomey (R-PA) and Tim Scott (R-SC) and Representative Peter Meijer (R-MI) have introduced a bill called the Retirement Savings Modernization Act. The bill aims “to bolster Americans’ retirement savings by allowing workers to diversify assets included in defined contribution plans, such as 401(k) plans,” t...