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Five Major U.S. Labor Unions Urge Senate to Reject CLARITY Act Ahead of Thursday Vote

GateNews

Regulation & Policy

2026-05-13 00:38:25

According to Cryptopolitan, five major U.S. labor unions, including AFL-CIO, urged senators to oppose the CLARITY Act on May 13 ahead of the Senate Banking Committee’s Thursday vote. The unions, representing tens of millions of workers, warned that the bill would expose workers’ retirement savings and public pension funds to cryptocurrency volatility risks, adding that embedding digital assets into the real economy would create instability.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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