The AFL-CIO is pushing back against the Senate’s proposed crypto legislation, warning it lacks worker safeguards and enables risky financial practices. In a letter to Senate Banking leaders, the union called the Responsible Financial Innovation Act a “facade of regulation” that could endanger pensions and reduce oversight. The bill would allow FDIC-insured banks to hold crypto and permit retirement plans to invest in it, raising fears of 2008-style financial risks.
See "US Labor Union Federation Slams Senate Crypto Bill as 'Facade of Regulation'", Vismaya V, yahoo!finance, October 8, 2025