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CFPB likely to step back from crypto regulation —attorney

April 6, 2025Updated:April 6, 2025No Comments2 Mins Read
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CFPB likely to step back from crypto regulation —attorney
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The Shopper Monetary Safety Bureau (CFPB) will seemingly see a diminished function in crypto rules as different federal businesses just like the Securities and Alternate Fee (SEC) and state-level regulators assume a much bigger function in crypto coverage, based on Ethan Ostroff, companion on the Troutman Pepper Locke legislation agency.

“I feel with the present administration, my sense is, we’re extremely prone to see a major pullback by the CFPB within the context of the exercise by different regulators,” Ostroff advised Cointelegraph in an interview.

State regulators even have the authority beneath the Shopper Monetary Safety Act (CFPA) to imagine a few of the regulatory roles of the CFPB, the lawyer mentioned but in addition added that some regulatory capabilities will proceed to fall inside the purview of the CFPB as a matter of established legislation.