US Labor Unions Oppose Clarity Act Before Thursday Congress Vote

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Major U.S. labor groups opposed the Clarity Act ahead of a scheduled Congress vote this Thursday. The AFL-CIO and SEIU said bringing the virtual asset industry into the regulatory fold could undermine financial stability and put workers’ retirement funds at risk. The banking industry also opposed a bill provision that would allow interest payments on stablecoins.

US0.73%
ACT2.08%
MAJOR-1.35%
AFL0.73%
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