Teacher’s Union Says U.S. Senate Crypto Bill Puts Pensions and Economy at Risk: CNBC

A major U.S. teachers union is sounding the alarm over the Senate’s proposed crypto market structure bill, warning that the legislation could expose retirement savings and the broader economy to unnecessary risk. According to a CNBC report, union leaders argue that the bill — which aims to create clearer federal rules for digital assets — may unintentionally open the door for pension funds to increase exposure to highly volatile cryptocurrencies.

Their core concern is simple: teachers’ retirement money shouldn’t be tied to an asset class that can swing 20% in a single day. While the bill is meant to bring stability and regulatory oversight to the crypto sector, critics say it could also legitimize digital assets to the point where pension managers feel pressured to allocate more to crypto-linked products. That, they argue, raises long-term risk for workers who rely on consistent, predictable retirement income.

The union also warns that easing restrictions on crypto firms could increase systemic vulnerabilities if oversight isn’t strong enough. As one spokesperson put it, “It’s not that we oppose innovation we oppose gambling with workers’ futures.”

The debate highlights a growing tension in Washington: how to embrace innovation without exposing ordinary Americans to the downside of crypto volatility. The Senate is expected to face heavy pushback from labor groups as discussions continue.