Coinbase, Gemini CEOs cheer as Consumer Financial Protection Bureau chief defangs agency

2025-02-09 19:12

Russ Vought, acting CFPB director, has reportedly told the agency’s employees to “cease all supervision and examination activity” and has stopped a key future funding source in an attempt to hobble the bureau’s regulatory efforts. Coinbase CEO Brian Armstrong and Gemini CEO Tyler Winklevoss, along with Elon Musk, have cheered the development. Coinbase is mentioned in a higher proportion of CFPB complaints than competitor crypto exchanges that serve U.S. citizens. 

24/7 Flashes

More >
Today 2025-07-13
00:45

Google agrees to pay approximately $2.4 billion to acquire technology authorization from AI programming startup Windsurf

00:39

Over the past 7 days, NFT trading volume has increased by 20.67% month on month to reach $122.6 million, while the number of buyers and sellers has both fallen by over 80%

00:31

ETH breaks through the $2950 mark

00:23

Indian cryptocurrency exchange CoinDCX denies transferring user funds following WazirX allegations

00:00

AiCoin Daily (July 13th)