AFL-CIO Urges Senate to Reject Risky Crypto Bill for Workers' Protection
CryptocurrencyAFL-CIOUpdated a day ago

AFL-CIO Urges Senate to Reject Risky Crypto Bill for Workers' Protection

The AFL-CIO, the largest US labor union federation, is urging the Senate to reject a proposed crypto market structure bill due to significant risks it poses to workers and pensions. The union argues that the bill lacks meaningful safeguards and could jeopardize workers' retirement funds by exposing them to risky assets, emphasizing the need for stronger protections in the evolving financial landscape.

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US Labor Union Urges Senate To Oppose Crypto Bill Over Pension, Workers’ Risks
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The largest US labor union federation is urging the Senate to reject a proposed crypto market structure bill, citing significant risks to workers and pensions. This call to action highlights the ongoing debate about the regulation of cryptocurrencies and the need for stronger protections for employees in an evolving financial landscape. The union's concerns reflect broader anxieties about how such legislation could impact job security and financial stability for workers.
Major US labor union says Senate crypto bill lacks ‘meaningful safeguards’
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The AFL-CIO, a major US labor union, has raised concerns about the Senate's crypto framework bill, stating it lacks meaningful safeguards and merely offers a facade of regulation. This is significant because the union believes the bill could jeopardize workers' retirement funds by exposing them to risky assets, highlighting the ongoing debate over the balance between innovation in cryptocurrency and the protection of workers' financial security.

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