The AFL-CIO has expressed concerns that the Responsible Financial Innovation Act (RFIA) may expose retirement funds and pension assets to the volatility of cryptocurrencies. The union argues that the bill, which seeks to create a federal framework for digital assets, lacks adequate safeguards for bank custody and tokenization. Labor leaders caution that without stronger oversight, the risks could mirror those that led to the 2008 financial crisis, potentially endangering workers' savings.
AFL-CIO Warns RFIA Could Expose Retirement Funds to Crypto Risks
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