Several major labor organizations in the United States are urging senators to oppose the upcoming initial vote on the crypto market structure bill. Organizations such as AFL-CIO, SEIU, the American Federation of Teachers, the National Education Association, and AFSCME warn that the bill could impact the retirement accounts of millions of workers and the stability of public pension funds, as well as introduce cryptocurrency volatility into the retirement savings system. The relevant organizations believe that embedding cryptocurrencies and other digital assets into the real economy without sufficient regulation could exacerbate financial system instability and benefit issuers and platforms while putting ordinary workers at risk. Reports indicate that the Senate Banking Committee plans to amend and vote on the bill on Thursday. (CNBC)