U.S. Lawmakers Draft Bill To Allow Bitcoin, Crypto In 401(k) Plans

[Google News Bot]

The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies. The bill is likely to be presented following the midterm elections in November 2022. Three republican members of Congress presented a bill, named the Retirement Savings Modernization Act, designed to enable investment managers to offer bitco ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.