- 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.
- The bill aims “to bolster Americans’ retirement savings by allowing workers to diversify assets included in defined contribution plans, such as 401(k) plans,” the announcement details.
- Despite the warning by the Labor Department, Fidelity, a major 401(k) plan administrator, announced in April that it will allow bitcoin as an investment option in its new 401(k) products.
US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans
