Major US labor union says Senate crypto bill lacks ‘meaningful safeguards'

**AFL-CIO Opposes Senate Cryptocurrency Regulation Bill, Citing Worker Protection Concerns**

The AFL-CIO, America's largest labor federation, has strongly criticized the Senate's proposed cryptocurrency framework legislation, arguing it fails to provide adequate protection for workers' retirement savings. The union claims the bill offers merely a "facade of regulation" while potentially exposing pension funds and 401(k) accounts to volatile digital assets like Bitcoin and other cryptocurrencies.

This opposition highlights growing concerns about cryptocurrency integration into traditional retirement portfolios as blockchain technology and DeFi protocols gain mainstream adoption. The AFL-CIO's stance could significantly impact the bill's progression, as lawmakers balance innovation in the digital asset space with investor protection measures.

The union's criticism comes amid ongoing regulatory uncertainty in the cryptocurrency market, where Bitcoin and major altcoins continue experiencing significant price volatility. Financial experts warn that inadequate regulatory frameworks could leave retail investors and pension funds vulnerable to market manipulation and extreme price swings common in cryptocurrency markets.

This development may influence how Congress approaches comprehensive cryptocurrency regulation, particularly regarding retirement fund exposure to digital assets and blockchain-based investments.