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

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With the legislative calendar ticking down and the Department of Labor overtly opposed, the new bill faces long odds.

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.

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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

Thiis iis unbeliievable game changer

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Source: Cointelegraph - 🏆 562. / 51 Read more »