Musk's Dogecoin Endorsement Sparks Protest from US Consumer Finance Watchdog Employees
2025-02-08
U.S. News & World Report
The US consumer finance watchdog is under fire as employees protest Elon Musk's endorsement of Dogecoin, amidst a shift in leadership. Recently, Trump appointed Russell Vought, a budget hawk and architect of the Project 2025 manifesto, as the acting director of the CFPB. This move has sparked concerns about the agency's future, with employees speaking out against the potential abolition of the CFPB. As the situation unfolds, the financial regulatory landscape may be impacted, affecting consumer finance and cryptocurrency markets, including popular digital coins like Dogecoin and Bitcoin.
