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
Meet the crypto detectives who trace hacks and theft onchain. Some are professionals, others are keen enthusiasts who log on after work. Crypto security experts are the first responders of the blockchain world, tracing stolen millions across wallets, mixers and obscure bridges before the trail goes cold. They operate in war rooms that form within minutes of a breach, using open-source intelligence, internal alert systems and private networks that span borders and languages. When a major hack breaks, the crypto community turns to its pseudonymous detectives, whose social accounts are often the first to translate blockchain trails. Read more