Behind the AFT’s Vehement Opposition: It’s Not Crypto, It’s Control On the surface, the AFT’s fiery letter to the Senate Banking Committee might look like another labor union resisting financial innovation. But scratch the surface, and you’ll find something more serious: a direct confrontation with the quiet, creeping menace of tokenized finance. President Randi Weingarten didn’t mince words. She warned that the “Responsible Financial Innovation Act” strips protections from both crypto and traditional securities. But the core fear isn’t Dogecoin or speculative tokens—it’s tokenization itself. That is, the process of taking traditional financial assets (stocks, bonds, pensions) and re-issuing them as blockchain-based tokens. Tokenization: The New Frontier of Financial Abstraction Let’s break this down. When a stock or bond becomes…
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