Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
New head of US Consumer Financial Protection Bureau cuts off funding and suspends activities

New head of US Consumer Financial Protection Bureau cuts off funding and suspends activities

Cointime2025/02/10 05:22
By: Cointime

Russell Vought, the new head of the Consumer Financial Protection Bureau appointed by US President Donald Trump, has halted the agency's funding and instructed staff to suspend all activities. Vought stated that the Bureau's current balance of $711.6m is excessive and that it is not necessary to carry out its duties. The CFPB was established to regulate financial companies and prevent abusive and predatory actions, and has also been a target of the crypto industry. Vought has instructed staff to cease all supervision and examination activity, and the CFPB's office will reportedly be closed this week.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — LINEA/USDT!
2
Bitget Live Trading Competition: Share 20,000+ USDT Prize Pool

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,440.81
+1.34%
Ethereum
Ethereum
ETH
$4,504.51
+3.20%
XRP
XRP
XRP
$3.04
+1.58%
Tether USDt
Tether USDt
USDT
$1
-0.00%
BNB
BNB
BNB
$905.06
+1.50%
Solana
Solana
SOL
$232.07
+3.12%
USDC
USDC
USDC
$0.9996
-0.02%
Dogecoin
Dogecoin
DOGE
$0.2595
+5.51%
TRON
TRON
TRX
$0.3483
+2.19%
Cardano
Cardano
ADA
$0.8998
+1.27%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter