Labor Groups Say RFIA Weakens Securities Safeguards

[mendez]

The AFT says the RFIA could allow companies to issue blockchain-based stocks without following traditional securities rules, undermining disclosures, registration requirements, and oversight. The union warns that blurring the line between regulated securities and crypto assets could leave long-term retirement portfolios more vulnerable, echoing similar concerns raised by the AFL-CIO.

[Abdul Khan]

Labor groups raising concerns shows the importance of balancing innovation with investor protection.

[Nahid Hossen]

Pension fund exposure always needs extra caution, especially with volatile assets like crypto.