[American Federation of Teachers Urges Senate to Shelve Responsible Financial Innovation Act]
The American Federation of Teachers has called on Senate leadership to shelve the 'Responsible Financial Innovation Act,' stating that the bill weakens investor protections and exposes pensions to new risks. The union pointed out that the bill undermines traditional securities protection mechanisms, allowing tokenized stocks to be traded without standard registration and disclosure requirements. Current discussions surrounding the cryptocurrency market structure bill have become increasingly intense, with significant divisions among industry groups and lawmakers suggesting a bleak outlook for the bill's passage.
