WuBlockchain Weekly: US Proposes Relaxing Rules for 401 (k) Plans to Invest in Crypto, Google Highlights Quantum Threats to Cryptography, Drift Hacked with $285 Million Stolen, etc
Senator Bill Cassidy joined efforts to boost domestic crypto mining through the introduction of the Mined in America Act.
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tl;dr
The US Labor Department proposed rules for crypto in 401(k) plans, while Senators Cassidy and Lummis introduced legislation for Bitcoin reserves. Additionally, Alabama recognized DAOs and the Drift Protocol suffered a $285 million hack.
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BCBill CassidyR-Louisiana
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