U.S. Senate Crypto Bill Risks Teacher Pensions and Economy, Warns Union

A major teachers' union has raised alarms about a new cryptocurrency bill in the U.S. Senate, arguing it could endanger pension funds and broader economic stability. The American Federation of Teachers (AFT) expressed concerns that the proposed legislation, aimed at creating a regulatory framework for digital assets like Bitcoin (BTC) and Ethereum (ETH), lacks sufficient consumer and investor protections. According to the union, this could expose retirement savings, including public pension plans, to high-risk crypto markets. The warning highlights the ongoing debate in Washington D.C. as lawmakers attempt to balance innovation with financial security in the crypto regulation space.