CFPB Bows Out: Crypto Regulation Shakeup

The Consumer Financial Protection Bureau (CFPB) is set to take a step back in regulating cryptocurrencies in the U.S. This news comes as agencies like the Securities and Exchange Commission (SEC) and state-level regulators become more assertive in the crypto space. According to attorney Ethan Ostroff, the shift allows these other bodies to assume greater responsibility for crypto oversight due to new policy directions under the current administration. The change signifies a reshuffling of roles in regulating this fast-evolving financial frontier.