{"id":92038,"date":"2025-12-10T17:04:47","date_gmt":"2025-12-10T14:04:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92038"},"modified":"2025-12-10T17:05:15","modified_gmt":"2025-12-10T14:05:15","slug":"us-teachers-federation-criticizes-cryptocurrency-bill","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-teachers-federation-criticizes-cryptocurrency-bill\/","title":{"rendered":"US Teachers’ Federation Criticizes Cryptocurrency Bill"},"content":{"rendered":"

The American Federation of Teachers (AFT) has urged<\/a> the US Senate to withdraw the “Responsible Financial Innovation Act.” The organization highlighted risks to pension savings and the national economy.<\/p>\n

AFT President Randi Weingarten sent a letter to lawmakers criticizing the bipartisan initiative. In her view, the bill fails to provide protection against the threats inherent in digital assets and stablecoins<\/a>.<\/p>\n

Weingarten emphasized that instead of necessary regulation, the document endangers families not even involved with cryptocurrencies.<\/p>\n

The union’s main concern is the potential tokenization<\/a> of stocks on the blockchain.\u00a0<\/p>\n

This would allow companies to bypass existing securities laws, avoiding registration and reporting requirements.<\/p>\n

The AFT believes such a loophole would lead to unverified assets appearing in pension plans and 401(k) accounts<\/span>. Even if portfolios consist of traditional instruments, the lack of oversight creates risks for investors.<\/p>\n

The authors of the letter also noted that the bill does little to address illegal activities in the industry. Regulatory gaps could trigger the “next financial crisis.”<\/p>\n

The “Responsible Financial Innovation Act” was introduced<\/a> by Senators Cynthia Lummis and Kirsten Gillibrand. The document defines digital assets and allocates oversight functions between the SEC<\/span> and the CFTC<\/span>. The Senate is expected to consider<\/a> the updated version of the bill next week.<\/p>\n

Earlier, the Commodity Futures Trading Commission launched<\/a> a pilot program using digital assets as collateral in derivatives markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

The American Federation of Teachers urged the Senate to withdraw the “Responsible Financial Innovation Act.” The organization highlighted risks to pension savings.<\/p>\n","protected":false},"author":1,"featured_media":92039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"US Teachers' Federation urges Senate to withdraw crypto bill, citing pension risks.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,36,26],"class_list":["post-92038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"160","promo_type":"1","layout_type":"1","short_excerpt":"US Teachers' Federation urges Senate to withdraw crypto bill, citing pension risks.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92038"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92038\/revisions"}],"predecessor-version":[{"id":92040,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92038\/revisions\/92040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92039"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}