US labor federation warns CLARITY Act could push crypto closer to workers’ retirement money
CryptoSlate
The AFL-CIO warns that the CLARITY Act could inadvertently facilitate the inclusion of volatile digital assets in workers' retirement portfolios.Summary
The AFL-CIO, the largest U.S. labor federation, has urged senators to oppose the Digital Asset Market Clarity Act, arguing that providing regulatory certainty for crypto could lead to digital assets being integrated into pension plans and 401(k) accounts. While the bill does not mandate crypto exposure, the union contends that clearer legal definitions, combined with evolving Department of Labor fiduciary standards, could make it easier for plan sponsors to offer these risky assets to workers. The federation's intervention highlights growing concerns that the bill lacks sufficient safeguards, potentially exposing retirees to market volatility before adequate oversight is established.
(Source：CryptoSlate)