The American Federation of Teachers has called on Senate leadership to shelve the Responsible Financial Innovation Act, saying it would weaken investor protections and expose pensions to new risks.
The union pointed out that the bill would weaken the safeguards for traditional securities and would also allow tokenized shares to be traded without standard registration and disclosure.
The warning comes as negotiations over a cryptocurrency market structure bill are becoming increasingly intense, with industry groups bitterly divided and lawmakers suggesting that the draft bill's prospects for passage have dimmed.
The American Federation of Teachers has urged the Senate to veto the cryptocurrency market structure bill
2025-12-10 03:58:18
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