Consumer Groups and Unions Oppose U.S. Senate Crypto Market Regulation Bill

CoinDesk

Release Time:12/10/2025 19:56:50

Consumer groups and unions have united against the U.S. Senate’s crypto market regulation bill, citing inadequate consumer safeguards. A letter from nearly 200 organizations, including Better Markets and the Communications Workers of America, demands stronger protections. The bill, which follows the House’s Digital Asset Market Clarity Act, faces criticism over conflicts of interest and weak CFT (Countering the Financing of Terrorism) measures. Senator Cynthia Lummis said ethics provisions were rejected by the White House. Greenpeace, Senator Elizabeth Warren, and the teachers’ union warn the bill risks pensions and economic stability. Liquidity and crypto markets remain central to the debate.

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