AFT Warns Senate on Crypto Bill: Risks to Pensions, Lack of Fraud Protection

The American Federation of Teachers, the second largest teachers union, warns against a proposed cryptocurrency bill, fearing it could jeopardize their members pensions and the broader economy. The union criticizes the bill for not addressing fraud and corruption in the digital asset market, labeling it as irresponsible and reckless. The AFL-CIO shares similar concerns, arguing the bill does not sufficiently protect consumers, workers, or the financial system. This highlights the ongoing debate on regulating the cryptocurrency landscape, with unions prioritizing worker protections and financial stability.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.