⚠️ Trump's Reforms at the CFPB Leave Crypto Users Vulnerable
The recent wave of reforms by former President Donald Trump at the Consumer Financial Protection Bureau (CFPB) is stirring up controversy in the crypto world. The agency, created after the 2008 crisis to protect consumers from financial abuses, is being drastically dismantled.
📉 With support from figures like Elon Musk and CEOs of Coinbase and Gemini, the new administration has cut back on enforcement actions, fired thousands, and practically paralyzed the agency. All of this under the justification of "government efficiency."
⚠️ The problem? Millions of crypto users are now without a safety net in cases of fraud, account freezes, and abuses by platforms.
💬 The resignation of a senior director at the CFPB with an explosive letter accuses the government of “recklessly dismantling” the agency. Meanwhile, the crypto sector celebrates less regulation... but who protects the consumer?
📢 And you, what do you think? Does less regulation mean more freedom or more risk for those in the market?
