Big win for financial oversight: A federal court just blocked the White House's attempt to defund the Consumer Financial Protection Bureau by exploiting legal loopholes. The judge ruled that stripping the watchdog of resources through creative legal interpretation isn't going to fly. This matters because the CFPB's regulatory approach directly affects how fintech platforms and crypto exchanges operate. When government agencies lose funding battles, it can shift the entire enforcement landscape—either tightening or loosening controls depending on which way the political winds blow.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
DoomCanistervip
· 13h ago
The court's move was timely; otherwise, if CFPB gets crippled, it would be even harder for us to survive.
View OriginalReply0
SmartContractPhobiavip
· 13h ago
Wow, CFPB hasn't been cut, exchanges can breathe a sigh of relief.
View OriginalReply0
GasDevourervip
· 13h ago
Huh? The court finally woke up, now the crypto circle can breathe a sigh of relief.
View OriginalReply0
OnchainUndercovervip
· 13h ago
The court stood firm this time and didn't let the White House succeed. The CFPB is still alive, and our wallets might have an extra layer of protection again.
View OriginalReply0
SignatureDeniedvip
· 13h ago
The court's move is pretty good; at least someone dares to stand up to the White House.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)