The letter to the US Senate Banking Committee cited opposition to the digital asset market structure bill, echoing concerns from other labor groups. The American Federation of Teachers (AFT), a union championing educators in the United States, has voiced its opposition to crypto market structure legislation moving through the Senate, claiming it “threatens the stability of their retirement security.” In a Monday letter to Republican and Democratic leaders on the US Senate Banking Committee provided by CNBC, the AFT said it opposed passage of the Responsible Financial Innovation Act, the bill that senators said “built on” the House of Representatives’ proposed solution to market structure, the CLARITY Act. According to the teachers’ union, the bill presents “profound risks” to economic stability and retirement plans. “This bill fails to provide a regulatory structure for crypto assets and stablecoin that is equivalent to that for other pension holdings,” said the letter. “Most pensions do not carry crypto asse...
Bitcoin whipsawed around the key yearly open level into the Fed interest-rate announcement as traders waited for a reliable move. Bitcoin (BTC) gave back recent gains on Wednesday as traders predicted fakeout moves around the Federal Reserve interest-rate announcement. Key points: Bitcoin fails to hold onto its recent trip past $94,500 as nerves accompany the Fed interest-rate decision. Read more
Stablecoins rank among the top catalysts for Web3 gaming growth, signaling a shift toward fundamentals, monetization and payment infrastructure. Blockchain game builders are increasingly prioritizing fundamentals and infrastructure over token-fuelled growth cycles, with stablecoin adoption emerging as one of the top three catalysts for the first time, according to the latest report from the Blockchain Gaming Alliance (BGA). On Wednesday, the BGA published its 2025 State of the Industry Report, which shows a shift in what builders believe will drive success in blockchain gaming. According to the report, the top three growth drivers were high-quality game launches (29.5%), revenue-driven business models (27.5%) and stablecoin adoption in payments (27.3%). Read more