Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
WSJ: Trump's team seeks to cut or merge banking regulatory agencies

WSJ: Trump's team seeks to cut or merge banking regulatory agencies

Bitget2024/12/13 05:33

ChainCatcher news, according to the Wall Street Journal, Trump's team is inquiring whether the president-elect can abolish financial regulatory agencies or merge them together.

Insiders revealed that when President-elect Trump's advisors were interviewing potential candidates for banking regulators, they asked some of the advisors from Elon Musk-led Department of Government Efficiency if it was possible to abolish institutions like Federal Deposit Insurance Corporation (FDIC).

Trump's advisors also questioned potential candidates for FDIC and Office of Comptroller of Currency about merging bank deposit insurance into the Treasury. In addition, plans were proposed to merge or thoroughly reform FDIC, Office of Comptroller of Currency and Federal Reserve.

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

Trending news

More
1
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet
2
Maji Big Brother's ETH and PUMP long positions on Hyperliquid have an unrealized loss of $18.68 million.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$113,147.22
-1.44%
Ethereum
Ethereum
ETH
$4,104.07
-0.82%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$1,244.61
-4.26%
XRP
XRP
XRP
$2.53
-0.85%
Solana
Solana
SOL
$202.83
+4.26%
USDC
USDC
USDC
$1.0000
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2057
-1.14%
TRON
TRON
TRX
$0.3193
-1.17%
Cardano
Cardano
ADA
$0.7032
-0.27%
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