Teachers Union Urges Senate to Scrap Crypto Market Structure Bill

A major teachers union has stepped into the crypto policy debate, urging the U.S. Senate to reject the current version of the Crypto Market Structure Bill, arguing that it poses unnecessary financial risks to ordinary Americans. Their central worry: the bill, as written, could legitimize risky digital assets without offering the consumer protections needed to keep workers, retirees, and young investors safe.

According to the union, the bill tilts too far toward industry interests by expanding the regulatory space for crypto exchanges and token issuers while not doing enough to address fraud, market manipulation, or misleading marketing. They argue that everyday people — especially teachers who rely heavily on pension stability — could be exposed to a financial ecosystem that still lacks the guardrails of traditional markets.

The group also claims the legislation could weaken the SEC’s oversight by shifting responsibility toward agencies viewed as more crypto-friendly, potentially leaving investors with fewer avenues for recourse if things go wrong. Their stance reflects a broader concern among worker organizations that lawmakers are moving too quickly to satisfy industry pressure rather than prioritizing long-term financial safety.

For now, the union’s opposition adds another layer of political friction to a bill already facing pushback from regulators and consumer advocates. Whether lawmakers revise, delay, or accelerate it will reveal how seriously Congress takes warnings from groups representing millions of American households.