In brief
- The American Federation of Teachers urged Senate leaders to drop the Responsible Financial Innovation Act, arguing it would weaken investor protections and expose pensions to new risks.
- The union said the bill would erode safeguards for traditional securities and allow tokenized stock to trade without standard registration or reporting.
- The warning landed as negotiations on the crypto market-structure bill grew more contentious, with industry groups split and lawmakers signaling the draft’s prospects have slipped.
The American Federation of Teachers has urged Senate leaders to abandon its crypto market structure bill, warning it would expose working families’ pensions to fraud, unsafe assets, and “profound risks” to…
Dec 31 2025
