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Labor unions urge Senate to reject crypto bill ahead of Thursday vote
May 12, 2026
< 1 min read
by Opeyemi Olanrewaju
for CryptoPolitan
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Five major U.S. labor organizations have sent damning letters urging senators to oppose the Senate CLARITY Act, arguing the cryptocurrency market-structure bill would expose millions of workers' retirement accounts to crypto risk. The renewed labor opposition raises regulatory uncertainty for crypto, potentially delaying adoption, token launches, institutional investment and broader market-structure reform.
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The Senate crypto bill, called the CLARITY Act, has come under scrutiny and intense opposition once again. Five of the U.S.’s major labor organizations have sent damning letters pressuring senators against the vote for a cryptocurrency market structure bill. These labor unions have warned that the crypto bill would expose millions of workers’ retirement accounts...
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