List of Flash News about 401(k) crypto bill
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2025-10-15 00:30 |
U.S. 401(k) Crypto Bill Claim Requires Verification Before Pricing BTC, ETH Exposure
According to the source, a claim circulated that U.S. Congressman Troy Downing introduced a bill to codify a Trump executive order allowing cryptocurrencies and alternative assets in 401(k) retirement accounts. Source: user-provided social post. This claim cannot be independently verified here because the post includes no bill number, congressional filing, or member press release; traders should wait for an official listing on Congress.gov or an announcement on the member’s official site before adjusting positioning. Source: Congress.gov official legislation database. Regulatory context remains that plan fiduciaries face heightened scrutiny when offering crypto options in 401(k)s under existing federal guidance that cautions against crypto exposure in employer plans. Source: U.S. Department of Labor Field Assistance Bulletin 2022-01. Some providers already allow limited BTC exposure within 401(k) platforms subject to employer approval, indicating that access currently depends on plan sponsors rather than federal statute. Source: Fidelity Investments press release dated April 26, 2022. |