Could it be curtains for crypto critics? 🤔

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Here’s the scoop:

  • Trump’s new appointees at OCC and CFPB might just be the crypto industry’s newest BFFs 🤝.
  • Coinbase CEO, Brian Armstrong, is thrilled about the consumer agency’s new direction 💃.
  • Get ready for a potential U-turn in crypto banking policies ��� pinwheels.

The crypto sector’s love-hate relationship with U.S. banking is about to get a whole lot more lovey-dovey, now that a crypto-friendly chief, Rodney Hood, is at the OCC’s helm. Trump’s pick has already expressed his belief that cryptocurrency should be part of the credit union system. Could this mean a reconsideration of the OCC’s 2021 guidance that made banks think twice about digital assets? 🤓

Meanwhile, the Consumer Financial Protection Bureau is facing some serious heat from Republicans, who’ve never been too fond of the agency’s consumer protection efforts. With the budget chief, Russ Vought, now in charge, the agency’s funding and operations are being choked off. But not everyone’s crying over spilled milk; Coinbase CEO Brian Armstrong called the agency an “unconstitutional activist organization” on social media site X. 😳

As the CFPB’s future hangs in the balance, the crypto industry can only watch and wait. Will this be the end of crypto critics, or just the beginning of a new chapter? Only time will tell! ⏳

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2025-02-10 22:59