New legislation aims to expand 401(k) investment options to include crypto

With the legislative calendar ticking down and two sponsors leaving Congress, the new bill faces long odds of becoming law.

The Retirement Savings Modernization Act would also allow fiduciaries to recommend cryptocurrencies, or other traditional finance investments, like into hedge funds or private equity, without legal liability.

401k will all burn long before the USA actually pulls its finger out its ass and sets legislation for crypto.

JohnEDeaton1 Question is if there will be any 401 (k) left

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Circle CEO says blockchain industry is transitioning from dial-up to broadband phaseCircle CEO Jeremy Allaire thinks that we are entering a new era of crypto mass adoption. whyy noone share tthis ttrick I’m not sure about USDC but Tether will stay for sure. We are ready! Investing now in projects like Ethereum but also smth like Inery will boost mass adoption! $INR launched today and its ripping like a dolphin :O
Source: Cointelegraph - 🏆 562. / 51 Read more »