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CFPB Likely To Reduce Crypto Oversight as Trump Administration Cuts Funding and Shifts Regulatory Focus – Yahoo Finance

With the Trump administration’s focus on reducing government regulations and oversight, it is expected that the CFPB will continue to pull back on its oversight of the cryptocurrency industry. This could mean less scrutiny of cryptocurrency exchanges and other businesses operating in the space.

The CFPB has already faced criticism for its lack of action on consumer protection issues related to cryptocurrencies, and the agency’s reduced funding and changing priorities could further limit its ability to effectively regulate the industry.

Overall, it appears that the CFPB’s role in overseeing the cryptocurrency industry will likely diminish in the coming years as the Trump administration continues to prioritize deregulation and reduced government oversight.

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