The American Federation of Teachers Criticizes the Crypto Law

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Crypto Law Poses Risks in the Markets

American Federation of Teachers has called for a reassessment of a crypto law in the U.S. Senate. According to this law, the retirement funds of its 1.8 million members and overall economic security are at risk.

The Responsible Financial Innovation Act, supported by Senators Cynthia Lummis and Bernie Moreno, aims to regulate digital assets. However, there are serious concerns regarding tokenized securities relating to this law.

Additionally, both the AFL-CIO and the Institute of Internal Auditors have opposed this law, emphasizing that it is inadequate in consumer protection and that robust governance cannot be ensured in crypto exchanges.

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crypto, US Senate, AFL-CIO, Responsible Financial Innovation Act, consumer protection