The AFL-CIO has urged the Senate Banking Committee to oppose the Responsible Financial Innovation Act, warning that the legislation would expose workers’ retirement funds to crypto volatility while increasing systemic financial risk. In an October 7 letter to Chairman Scott and Ranking Member Warren, AFL-CIO Director of Government Affairs Jody Calemine stated the bill would greenlight retirement plans like 401(k)s and pensions to hold risky crypto assets rather than insulating workers from instability. T ...