I keep on saying that timing is everything and with Bitcoin falling about 60% off its high, this isn\u2019t the time for adding it to 401(k) plans.<\/p>\n
In May, Rep. Byron Donalds (R-FL) introduced a bill\u00a0that would allow Bitcoin and most other financial assets to be included in 401(k) retirement plans.<\/p>\n
The bill is the House version of the Senate\u2019s Financial Freedom Act of 2022. The original bill featured identical language and was introduced by Sen. Tommy Tuberville (R-AL).<\/p>\n
Both bills were put forward in response to Department of Labor guidance in March. That guidance advised plans against allowing crypto in 401(k)s.<\/p>\n
This being an election year and Democrats in control of both houses, for now, I don\u2019t expect any chance for these bills this year.<\/p>\n
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