Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Consumer Groups Join Unions Trying Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Consumer Groups Join Unions Trying

Consumer Groups Join Unions Trying to Derail U.S. Crypto Market Structure Bill

2025/12/11 03:50
6 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Consumer Groups Join Unions Trying to Derail U.S. Crypto Market Structure Bill

Political progressives have joined forces to oppose current versions of the industry-backed legislative effort in the Senate.

By Jesse Hamilton|Edited by Nikhilesh De
Dec 10, 2025, 7:50 p.m.
The Senate has been working on a crypto market structure bill, but consumer advocates are opposing the current version. (Jesse Hamilton/CoinDesk)

What to know:

  • Consumer advocates are jumping in with unions to push back on the crypto market structure bill making its way through the U.S. Senate.
  • They're saying it poses dangers to people's finances and the stability of the U.S. economy.
  • Senators have been working toward a markup of the legislation in the Senate Banking Committee as soon as next week, though some expect the date to slip beyond the holidays.

Consumer advocates and financial-reform groups are lining up alongside some unions in opposition against the Senate's legislation that will impose regulations on the U.S. crypto markets, arguing that the current versions leave crypto consumers vulnerable to fraud.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up

"The legislative initiatives explored in the Senate so far have largely failed to address the

widespread harms caused by the crypto industry and the Senate should not consider any bill that does not address these problems in full," said the letter sent to senators this week, signed by almost 200 groups, including Better Markets, Public Citizen, Americans for Financial Reform and the Communications Workers of America. It followed a similar objection raised this week by the teachers' union, AFT.

Though the House of Representatives passed a bill earlier this year to govern crypto in the U.S., the Digital Asset Market Clarity Act, the Senate continues to hash out its own version, largely built on the Clarity Act but pursuing some different approaches. The senators negotiating the bill in closed-door session have said the process is nearing a conclusion, and one of them — Senator Cynthia Lummis — said on Tuesday that she hopes it can still get to a formal markup next week.

One of the major points of debate is the Democrats' concerns over apparent conflicts of interests in government officials — most notably President Donald Trump — being involved in crypto businesses as they're determining industry policy. The progressive groups' letter hit on that point, too.

"Any legislation must effectively address the unprecedented and corrosive impacts of President Trump’s and his family’s conflicted investments in various crypto ventures," it said.

Lummis said she'd worked on ethics provisions for the bill with a Democratic colleague, but the White House has so far rejected the proposals.

The latest opposition letter from consumer advocates was also signed by progressive environmental groups that don't usually weigh in in financial policy, including Greenpeace, the Center for Biological Diversity and Animals Are Sentient Beings, Inc.

A rift has developed among Democratic lawmakers on supporting crypto legislation, with Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, leading some of the more progressive members in criticism of the effort.

"This legislation poses profound risks to the pensions of working families and the overall stability of the economy," according to the teachers' union letter, which focuses its concern on the dangers to its members' retirement funds posed by the U.S. embrace of cryptocurrency. "Rather than just being silent on crypto, this bill strips the few safeguards that exist for crypto and erodes many protections for traditional securities. If passed, it will undercut the safety of many assets and cause problems across retirement investments."

Despite vocal pushback from some Democrats, Congress has managed to move forward with bipartisan votes on crypto legislation, including the new stablecoins law approved earlier this year.

Read More: Teacher’s Union Says U.S. Senate Crypto Bill Puts Pensions and Economy at Risk: CNBC

Consumer ProtectionPoliticscrypto legislationU.S. Senate

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws

The DOJ said the firm knowingly facilitated illicit trades tied to sex work, sanctions evasion, and fraud, earning millions in fees while ignoring U.S. law.

What to know:

  • Paxful pleaded guilty to a three-count criminal information for enabling illegal activity including prostitution, fraud and sanctions violations.
  • The platform processed $3 billion in crypto trades while evading anti-money laundering rules and serving high-risk users, the Department of Justice announced Wednesday.
  • Prosecutors reduced Paxful’s penalty to $4 million after assessing its finances, with sentencing set for February 2026.
Read full story
Latest Crypto News

Bitcoin Volatile Near $94K as Fed's Powell Straddles Labor Market and Inflation Issues

A16z Crypto to Open Seoul Office, Hire Sungmo Park to Lead Asia Efforts

Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws

Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy

The Protocol: Stripe’s Tempo Testnet Goes Live

Stellar Edges Higher to $0.251 Despite Altcoin Market Apathy

Top Stories

Bitcoin Volatile Near $94K as Fed's Powell Straddles Labor Market and Inflation Issues

Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy

Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws

SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO

Tether Rolls Out Privacy-Focused Health App as Expansion Into AI Accelerates

GameStop Posted $9.4M Loss on Bitcoin Holdings in Q3

Market Opportunity
Union Logo
Union Price(U)
$0.001551
$0.001551$0.001551
+8.38%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

In the ever-evolving world of cryptocurrencies, recent developments have sparked significant interest. A closer look at pricing forecasts for Cardano (ADA) and rumors surrounding a Solana (SOL) ETF, coupled with the emergence of a promising new entrant, Layer Brett, reveals a complex market dynamic. Cardano's Prospects: A Closer Look Cardano, a stalwart in the blockchain space, continues to hold its ground with its research-driven development strategy. The latest price predictions for ADA suggest potential gains, predicting a double or even quadruple increase in its valuation. Despite these optimistic forecasts, the allure of exponential gains drives traders toward more speculative ventures. The Buzz Around Solana ETF The potential introduction of a Solana ETF has the crypto community abuzz, potentially catapulting SOL prices to new heights. As investors await regulatory decisions, the impact of such an ETF on Solana's value could be substantial, potentially reaching up to $300. However, as with Cardano, the substantial market capitalization of Solana may temper its growth potential. Why Layer Brett is Gaining Traction Amidst established names, a new contender, Layer Brett, has started to capture the market's attention with its early presale stages. Offering a low entry price of just $0.0058 and promising over 700% in staking rewards, Layer Brett presents a tempting proposition for those looking to maximize returns. Comparative Analysis: ADA, SOL, and $LBRETT While both ADA and SOL offer stable investment choices with reliable growth, Layer Brett emerges as a high-risk, high-reward option that could potentially offer significantly higher returns due to its nascent market position and aggressive economic model. Initial presale pricing lets investors get in on the ground floor. Staking rewards currently exceed 690%, a persuasive incentive for early adopters. Backed by Ethereum's Layer 2 for enhanced transaction speed and reduced costs. A community-focused $1 million giveaway to further drive engagement and investor interest. Predicted by some analysts to offer up to 50x returns in coming years. Shifting Sands: Investor Movements As the crypto market landscape shifts, many investors, including those traditionally holding ADA and SOL, are beginning to diversify their portfolios by turning to high-potential opportunities like Layer Brett. The combination of strategic presale pricing and significant staking rewards is creating a momentum of its own. Act Fast: Time-Sensitive Opportunities As September progresses, opportunities to capitalize on these low entry points and high yield offerings from Layer Brett are likely to diminish. With increasing attention and funds being directed towards this new asset, the window to act is closing quickly. Invest in Layer Brett now to secure your position before the next price hike and staking rewards reduction. For more information, visit the Layer Brett website, join their Telegram group, or follow them on X by clicking the following links: Website Telegram X Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Share
Coinstats2025/09/18 18:39
Why a Lambo Rental Atlanta Experience Feels Different

Why a Lambo Rental Atlanta Experience Feels Different

Atlanta has a reputation. Some of it’s earned. Some of it’s exaggerated. And some of it lives somewhere between late-night stories, car culture, and the way the
Share
Techbullion2026/02/09 17:43
Motivational Speaker Rocky Romanella Launches Intentional Listening Workshop to Transform Business Communication

Motivational Speaker Rocky Romanella Launches Intentional Listening Workshop to Transform Business Communication

Rocky Romanella launches Intentional Listening Workshop & Keynote to help businesses improve communication. Based on Balanced Leadership principles, it transforms
Share
Citybuzz2026/02/09 16:00