The American Federation of Teachers urges the Senate to reject the cryptocurrency market structure bill.
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the American Federation of Teachers is calling on Senate leadership to shelve the Responsible Financial Innovation Act, stating that the bill would weaken investor protections and expose pensions to new risks.
The union points out that the bill would undermine the safeguards of traditional securities and allow tokenized stocks to be traded without standard registration and disclosure.
This warning comes as negotiations over the cryptocurrency market structure bill are becoming increasingly intense; industry groups are deeply divided on the matter, and lawmakers have hinted that the prospects for the bill's passage are dimming.
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