The American Federation of Teachers just fired off a letter to the Senate pushing back hard against the Responsible Financial Innovation Act. Their beef? They're worried the legislation opens the door for crypto to slip into public pension funds—and they're arguing that puts their members' retirement savings at risk. It's another flashpoint in the ongoing tug-of-war between traditional finance institutions and crypto's push into mainstream portfolios.
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PumpDetector
· 12-14 07:03
lmao the unions are finally waking up to what we've been watching happen... pension funds are the last golden goose they're gonna try to tap into, ngl
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SchroedingerMiner
· 12-12 15:14
Old traditional finance is still holding on tightly; pension funds encountering crypto are like stepping on landmines.
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FunGibleTom
· 12-11 08:01
This is just the same old trick, traditional finance firmly blocking pension funds.
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MEVictim
· 12-11 08:01
Ha, the union is causing trouble again, as expected.
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Blockblind
· 12-11 07:50
The tug-of-war between traditional finance and crypto never ends.
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BuyTheTop
· 12-11 07:48
Here we go again, public pensions being consumed by crypto? These people are really worrying about unnecessary things...
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GateUser-00be86fc
· 12-11 07:36
What is the teachers' union afraid of? The pension was already shrinking anyway.
The American Federation of Teachers just fired off a letter to the Senate pushing back hard against the Responsible Financial Innovation Act. Their beef? They're worried the legislation opens the door for crypto to slip into public pension funds—and they're arguing that puts their members' retirement savings at risk. It's another flashpoint in the ongoing tug-of-war between traditional finance institutions and crypto's push into mainstream portfolios.