CFPB Likely To Reduce Crypto Oversight as Trump Administration Cuts Funding and Shifts Regulatory Focus
The Consumer Financial Protection Bureau (CFPB) is expected to reduce its involvement in cryptocurrency regulation due to budget cuts and a broader shift in oversight to other agencies.
The Consumer Financial Protection Bureau (CFPB) is expected to reduce its involvement in cryptocurrency regulation due to budget cuts and a broader shift in oversight to other agencies. Ethan Ostroff, a partner at Troutman Pepper Locke law firm, believes the CFPB will step back as other federal agencies, such as the Securities and Exchange Commission (SEC), and state-level regulators take on more responsibilities.
In February 2025, Russell Vought became the head of the CFPB and quickly introduced major funding cuts to streamline the agency. This move is…
