Teachers Union Warns Crypto Bill Risks Pension Funds

[mendez]

The American Federation of Teachers has urged Senate Banking leaders to oppose changes to the Responsible Financial Innovation Act, warning the bill could legitimize crypto markets while weakening investor protections. The union argues the framework may expose teachers’ pension funds to volatile and poorly regulated digital assets, increasing risks of fraud and financial instability.

[Abdul Khan]

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

[Nahid Hossen]

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