#the clarity act

The post Labor Unions Join Banking Industry In Opposition To Senate Crypto Bill, The Clarity Act appeared on BitcoinEthereumNews.com. Five of the nation’s largest labor organizations are urging the Senate to vote against a pending cryptocurrency market structure bill, warning that the legislation would expose retirement accounts to digital asset volatility ahead of a key committee vote Thursday. The AFL-CIO, Service Employees International Union, American Federation of Teachers, National Education Association, and American Federation of State, County and Municipal Employees sent letters and emails to Senate Banking Committee members, according to CNBC, which obtained the correspondence first. The crypto industry takes ‘risks’ The groups wrote that the bill “jeopardizes the stability of workers’ retirement plans, including public pensions, and introduces significant volatility to retirement savings accounts.” “This legislation invites the cryptocurrency industry to take outsized risks,