Alabama Approves Bill for Cryptocurrency Investments

According to Odaily, the state of Alabama has passed legislation permitting its investment committee to allocate funds to Bitcoin and other cryptocurrencies. This development follows previous statements by Alabama Senator Tommy Tuberville, who announced plans to reintroduce the Financial Freedom Act on April 1. The proposed legislation aims to allow U.S. citizens to include cryptocurrencies in their 401(k) retirement savings plans. This marks Tuberville's third attempt to advance the bill, following efforts in 2022 and 2023.