TechFlame reports that the American Federation of Teachers (AFT), the second-largest teachers' union in the United States, has urged the U.S. Senate to reconsider a cryptocurrency bill, claiming it puts the pensions of its 1.8 million members at risk while doing little to combat fraud and corruption in the digital asset sector. In a letter to the U.S. Senate Banking Committee, AFT President Randi Weingarten criticized the "Responsible Financial Innovation Act," calling it "irresponsible and reckless." She noted that the bill "poses profound risks to the pensions of working families and overall economic stability" and, if enacted, could "lay the groundwork for the next financial crisis." The bill was co-sponsored by Senators Cynthia Lummis and Bernie Moreno. Previously, the largest labor federation in the U.S., the AFL-CIO, and the Institute of Internal Auditors also expressed opposition to the bill, pointing out its failure to protect consumers and ensure sound governance of cryptocurrency exchanges.