United States Senator presents a new Project

[MARK21]

Searching for information, I have come across that Fidelity Investments plans to allow investors to include a bitcoin account in their 401(k) retirement plans, being the first major retirement plan provider to do so.

The bill is a response from the Alabama senator to Senator Warren and the Department of Labor's attempt to block Bitcoin investments in self-directed 401(k) plans.

The move by the asset management and pension fund giant could push cryptocurrency investing into the mainstream if employers decide to offer the option. Fidelity would allow up to 20% of savings to be allocated to bitcoin, though that threshold could be lowered by plan sponsors.

In an opinion piece for CNBC on Thursday, Senator Tuberville stated:

"The Federal Government has no business interfering with the ability of working Americans to invest their 401(k) savings as they see fit."

It also issues a small statement on Twitter

Twitter Post: https://twitter.com/SenTuberville/status/1522250340493635586?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1522250340493635586%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fes.cointelegraph.com%2Fnews%2Fsenator-s-financial-freedom-act-would-ensure-bitcoin-can-be-in-your-401-k

News from: https://www.protocol.com/elizabeth-warren-thinks-putting-your-retirement-in-crypto-is-a-bad-bet

[mk4]

Sounds good, but this isn't going to go through without a fight. It's already getting a good amount of pushback from these buffoons.

"We have grave concerns with what Fidelity has done." KEK

https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309
https://www.coindesk.com/policy/2022/05/05/elizabeth-warren-echoes-labor-department-concerns-about-fidelitys-plan-for-bitcoin-in-401k-retirement-plans/

[Wiwo]

Sounds good, but this isn't going to go through without a fight. It's already getting a good amount of pushback from these buffoons.

I guess the pushback is already at it peak and with the statement of the senator Elizabeth Warren the house will not take long before backing the labor department stands and questions raised, but on the other hand, if fidelity investment is ready to include Bitcoin on it retirement bound there should have a blueprint that will cover the setbacks pointed out by the labor department and the senator since their both concern about the volatility of the market and security of the Bitcoin network since it is decentralized. In my view, the answers are not hard to come by so fidelity investment gat all the green light.