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no one’s talking about this AFT warning on crypto bill’s ‘profound risks’ for retirement! 💰🔥🚨
Problem: AFT opposes the Responsible Financial Innovation Act due to perceived risks to retirement security and potential economic harm. Insight: This opposition highlights the ongoing challenge
The American Federation of Teachers opposes the Responsible Financial Innovation Act, citing risks to retirement and the economy. AFT President Randi Weingarten urged the Senate to reconsider, warning the bill could lead to fraud and harm retirement assets. The AFL-CIO and CEOs of major banks also expressed concerns over the bill’s potential consequences. The bill aims to regulate digital assets but faces opposition from Democrats over tokenization and regulatory oversight balance. Progress on the bill was delayed due to a government shutdown.
AFT denounces crypto market bill, warns of ‘profound risks’ for retirement
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