Teachers Unions Oppose Crypto Bill Over Pension Security Concerns
The American Federation of Teachers and AFL-CIO are rallying against the Responsible Financial Innovation Act, warning it jeopardizes retirement funds for millions of workers. Union leaders argue the legislation removes critical safeguards, exposing pension plans to cryptocurrency volatility and fraud risks.
AFT President Randi Weingarten's December 2025 letter to Senate Banking Committee leaders framed the bill as an existential threat to economic stability. "This isn't about blocking innovation," the letter implied, "but preventing Wall Street from gambling with teachers' life savings."
The controversy highlights growing institutional tension as crypto regulation advances. While the bill aims to foster digital asset development, labor groups see alarming parallels to pre-2008 deregulation that enabled predatory financial practices.
