Major U.S. Labor Unions Urge Senators to Oppose the Crypto Bill
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Five major U.S. labor unions, including the AFL-CIO and SEIU, urged senators to oppose the Digital Asset Market Clarity Act ahead of Thursday’s Senate Banking Committee vote, arguing the bill lacks safeguards and could expose worker pensions to added crypto volatility. Their opposition creates another hurdle for passing the crypto market structure bill and signals continued regulatory scrutiny that could delay adoption, fundraising and token market clarity for DeFi and exchanges.
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- Labor unions have urged senators to oppose the rules-of-the-road crypto bill ahead of Thursday’s vote.
- The unions say the legislation lacks safeguards and endangers worker pensions through added volatility.
- This adds another hurdle to passing the crypto market structure bill and may signal continued scrutiny.
Major U.S. labor unions, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Service Employees International Union (SEIU), and others, are urging senators to oppose the Digital Asset Market Clarity Act (CLARITY Act) ahead of Thursday’s critical Senate Banking Committee vote.
Labor Unions Urge Senate to Block Crypto Bill
According to sources, five major U.S. labor unions, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Service Employees International Union (SEIU)…
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