US Lawmakers Seek to Support Crypto in 401(K) Investment Plans

Titled the Retirement Savings Modernization Act, the bill seeks to amend the Employee Retirement Income Security Act of 1974 and provide more clarity on the duties of fiduciaries regarding asset classes. The new bill adds digital assets, among other traditional options like commodities, hedge funds, real assets, etc., as part of the ‘covered investment’ supported for a retirement savings plan. If enacted, a fiduciary will not be held liable for breaking the “fiduciary duties” when they recommend or use bitcoin and other digital assets for a retirement savings option. <a href="https://medium.com/@CryptoSavingExpert/us-lawmakers-seek-to-support-crypto-in-401-k-investment-plans-109d57f6ab3d">Learn More</a>