Musk's DOGE Under Fire: US Consumer Finance Watchdog Workers Stage Protest
2025-02-08
U.S. News & World Report
The US consumer finance watchdog is facing a new challenge as workers protest against Elon Musk's Dogecoin, following a recent appointment by Trump. Russell Vought, a longtime budget hawk, has been named acting director of the CFPB, sparking concerns over the agency's future. As the architect of Project 2025, Vought has previously called for the CFPB's abolition, raising questions about the impact on consumer finance regulation and cryptocurrency like Dogecoin. With the financial sector watching closely, the protest highlights the ongoing debate over consumer protection and financial policy, including the role of digital currencies and online finance.
