AFT urges Senate to withdraw 2022 crypto market structure bill

On Monday, the American Federation of Teachers asked the Senate to withdraw the crypto market structure bill, warning it poses profound risks to pensions and the broader economy. The 1.8 million‑member union said the Responsible Financial Innovation Act lacks adequate safeguards for crypto assets and stablecoins and could open retirement plans to unsafe holdings. The measure was first introduced in 2022 and updated in September.