CNBC reported that major labor organizations in the United States have expressed strong opposition to Congress ahead of the vote on the Clarity Act, scheduled for this Thursday. Key unions, including the AFL-CIO (American Federation of Labor and Congress of Industrial Organizations) and SEIU (Service Employees International Union), warned that this bill, by bringing the virtual asset industry into the mainstream, could actually undermine the stability of the financial system and endanger workers' retirement pensions. The AFL-CIO argued, "Integrating cryptocurrencies into the real economy without sufficient regulation will create unstable effects, benefiting only issuers and platforms while harming workers." In addition to labor organizations, the banking industry is also strongly opposing the stablecoin interest payment clause.
