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The Trump administration has significantly weakened the Consumer Financial Protection Bureau (CFPB), raising concerns over consumer safeguards in crypto markets. A top regulator’s resignation highlights internal dissent over the agency’s rollback, while crypto leaders applaud the move.
- Cara Petersen, CFPB's acting enforcement director, resigned with a sharp critique of Trump's regulatory rollbacks.
- Coinbase CEO Brian Armstrong and other crypto leaders have labeled the CFPB 'unconstitutional,' supporting its dismantling.
- Republican lawmakers claim the CFPB's restructuring balances consumer protection with innovation, but critics warn of increased risks.
📎 Related coverage from: cointelegraph.com