Consumer Groups Join Unions Trying to Derail U.S. Crypto Market Structure Bill
Consumer advocates and financial-reform groups are lining up alongside some unions in opposition against the Senate’s legislation that will impose regulations on the U.S. crypto markets, arguing that the current versions leave crypto consumers vulnerable to fraud.
“The legislative initiatives explored in the Senate so far have largely failed to address the
widespread harms caused by the crypto industry and the Senate should not consider any bill that does not address these problems in full,” said the letter sent to senators this week, signed by almost 200 groups, including Better Markets, Public Citizen, Americans for Financial Reform and the Communications Workers of America. It followed a similar objection raised this week by the…
