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[U.S. Union Criticizes Senate Crypto Bill for Lack of Safeguards] The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposes the Responsible Financial Innovation Act (RFIA), stating that it poses risks to retirement funds and financial stability. Union director Jody Calemine expressed that the bill allows the crypto industry to expand operations without adequate oversight and safeguards. The bill, introduced by Senators Cynthia Lummis and Kirsten Gillibrand in 2022 and revised this year, is currently being advanced by the Senate Banking Committee.