Bitcoin in Retirement Plans? Sen. Tuberville Revives Crypto Bill
In an interview Monday night with Larry Kudlow on Fox Business, Sen. Tommy Tuberville (R-Ala.) expressed strong support for President Donald Trump’s latest economic agenda, with a particular emphasis on deregulation and increased access to cryptocurrencies.
Sen. Tuberville, who has held the position since 2021, highlighted his “Financial Freedom Act,” a policy that would allow Americans to invest their retirement funds in Bitcoin and other altcoins. He introduced the bill in 2022 and 2023, but it failed to make significant progress. However, with President Trump’s current backing, he hopes his vision can become a reality.
Tuberville compared Trump's crypto-friendly policies to what he described as the Biden administration's "nothing to do with crypto." He noted that the previous administration tried to control how Americans invested their money, while President Trump is seen as the "Crypto President," promoting financial freedom for citizens.
Part of a larger economic push
The senator linked his pro-crypto stance to Trump's broader economic vision, which includes deregulation, tax cuts, energy independence, and trade reform. He argued that deregulation through executive orders was a necessary move to counter opposition and give Americans "a chance to breathe for once" after four years of being "choked."
As Trump’s “Emancipation Day” announcement approaches, Tuberville has emphasized that cryptocurrency is no longer a sideline issue, but rather central to the Republican Party’s economic strategy. He believes that allowing Americans to invest their retirement funds in cryptocurrency would diversify their portfolios and increase personal financial freedom.
