Consumer Advocacy Groups and Labor Unions Unite to Oppose Key U.S. Crypto Regulation Bill

A coalition of prominent consumer advocacy organizations and major labor unions has formed to actively oppose the proposed U.S. cryptocurrency market structure legislation. The groups argue that the current bill, aimed at creating a regulatory framework for digital assets like Bitcoin (BTC) and Ethereum (ETH), fails to provide adequate investor protections and could undermine existing financial safeguards. They are lobbying lawmakers to reject or significantly amend the draft, citing concerns over market volatility, potential fraud, and consumer risk. This organized resistance introduces a significant new hurdle for the legislation's passage, highlighting the deepening debate over how to regulate the crypto sector. The bill's proponents, however, maintain that clear rules are essential for innovation and U.S. leadership in the digital asset space.