• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
Bitcoin

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

Christian Encila
by Christian Encila
3 years ago
·
Posted in Bitcoin, Bitcoin Regulation, Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

United States Rep. Byron Donalds has initiated a bill to the U.S. House of Representatives seeking to incorporate Bitcoin into every American home’s 401(K) retirement plans.

It’s a novel and bold move as the bill also significantly boosts the Financial Freedom Act of 2022, which was also set in motion this month.

The bill by Donalds seeks to disallow the Department of Labor from barring crypto investments, mainly because account investors of the 401(K) should be given complete freedom to choose their investment types through a brokerage.

Suggested Reading | Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts

Fidelity To Allow Bitcoin Investments

Fidelity Investments has recently announced that they are now allowing participants to allocate some of their investments to Bitcoin. It now provisions 23,000 companies with 401(k) retirement plans.

According to a recent announcement, Fidelity Investments is now allowing customers to devote a portion of their assets to Bitcoin (Glassdoor).

At this point, the Labor department has qualms with the decision of the senate to open up 401(k) retirement plans to risk investments like cryptocurrencies or digital assets. The DOL is worried about this move from Fidelity Investments.

Full Control On Investments

Rep. Byron Donalds has expressed uneasiness with the Biden administration’s thrust to centralize and monopolize the power in Washington; they are now going out of their way to dictating the investments of the American people.

Further, Rep. Donalds states, “this administration, as well as any other government entity, lacks the authority to direct the financial future of America’s investors.”

Rep. Donalds has also recently posted a tweet informing people that Senator Tommy Tuberville is set to quicken this bill with the support of Tom Emmer, Congressman for the sixth district of Minnesota.

To ignite further, Tom Emmer tweeted, “Proud to support @RepDonaldsPress and @SenTuberville Financial Freedom Act of 2022.”

BTC total market cap at $573 billion on the weekend chart | Source: TradingView.com

Davidson And Kim Support Bill

Meanwhile, Representative Young Kim, U.S Representative for the 39th Congressional District of California and U.S. Representative for the Sixth Congressional District of Arizona, and Congressman Warren Davidson from the eighth district of Ohio have both megaphoned their bill’s support.

Both stated that the American people have worked for decades and invested wisely for their retirement. The Biden government should not override the right of the investors to discern and decide what assets are worth their investments.

Giving Investors The ‘Power’

The legislation ensures that the power is in the investor’s hands and not the government. People have earned their paycheck, and it is always in their willpower to invest in the vehicle types they deem worthy. It’s always their call.

IRA Financial Group’s Adam Bergman recommends that the allocation for crypto should be at a range of 1% to 5% of their portfolio – 20% is an overkill.

Suggested Reading | A16z Rolls Out $600 Million Gaming, Web3 And Metaverse Dedicated Fund

Featured image from UltCoin365, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Bitcoin Hyper

มาแรงสวนตลาด! Bitcoin Hyper ระดมทุนทะลุ 24 ล้านดอลลาร์

5 hours ago
แม่เหล็กดึงดูดเหรียญ Bitcoin เปล่งพลังงานสีน้ำเงิน

ถึงเวลาช้อน? สถาบันกว้านซื้อ Bitcoin มากกว่าที่ขุดได้ 6 เท่า

6 hours ago
比特幣ETF即時新聞:單日淨流出逾5.36億美元動態更新(10月21日)

比特幣ETF即時新聞:單日淨流出逾5.36億美元動態更新(10月21日)

13 hours ago
Bitcoin pod presją

Bitcoin pod presją – długoterminowi inwestorzy realizują zyski

1 day ago
ako ťažiť kryptomeny v 2025

Ako ťažiť kryptomeny v roku 2025? AI technológie a virtuálne uzly menia celé odvetvie

1 day ago
Bitcoin ชนกำแพงแก้วแตก

แรงเทขายจากผู้ถือยาวถล่มตลาด! วิเคราะห์เหตุผลที่ทำให้ Bitcoin ยังพุ่งไม่ผ่านแนวต้านสำคัญ

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • KCEX стартира бонус за търговия от...

    46 minutes ago
  • โปรโมชั่นโบนัสสำหรับผู้ใช้ใหม่จาก KCEX แจกสูงสุด 21,000 USDT

    KCEX จัดหนัก!...

    21 hours ago
  • WEEX стартира кампания с до 50%...

    23 hours ago
  • FleetMining Turns BTC, XRP, and ETH into Daily Income

    FleetMining Turns BTC, XRP, and ETH into Daily Income with...

    1 day ago
  • CryptoGDEX Launches Global Petition to Revolutionize Wealth Distribution

    CryptoGDEX Launches Global Petition to Revolutionize Wealth...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.