According to the source, a U.S. teachers union has urged the Senate to scrap a crypto market structure bill, signaling stakeholder opposition that could slow near-term legislative progress (source: user-provided source referencing a union communication to the U.S. Senate). For traders, a delay would preserve regulatory fragmentation cited as a risk and a barrier to comprehensive oversight in the Financial Stability Oversight Council’s Digital Assets Report 2022 (source: U.S. Treasury FSOC 2022 Digital Assets Report). Monitor the U.S. Senate legislative calendar and relevant committee notices for markups or hearings that could revive or shelve the measure (source: U.S. Senate public calendar and Senate committee websites). Headline risk is likely to concentrate in assets sensitive to securities-versus-commodity treatment, notably ETH and major Layer-1s, around any Senate scheduling updates, without implying direction (source: Congressional materials on market structure efforts including FIT21 summaries from 2024).

According to @CNBC, the American Federation of Teachers (AFT) criticized a U.S. crypto market bill and warned it presents 'profound risks' for America's retirement plans, highlighting concerns around retirement-plan exposure to digital assets. Source: CNBC. CNBC reports the union’s opposition adds political headwinds to crypto-related retirement policy elements currently tied to the bill in Congress, a focal point for investor attention on regulatory clarity. Source: CNBC.