US Treasury Secretary Appointed as Interim Director of the Consumer Financial Protection Bureau (CFPB)
JH Kim
Summary
- Scott Besant, who is favorable towards cryptocurrencies, has been appointed as the interim director of the CFPB.
- The CFPB oversees the consumer financial market and has been proposing rules affecting cryptocurrencies.
- Secretary Besant announced a new interpretive rule last month to protect consumers from cryptocurrency trading fraud.
According to The Block, a cryptocurrency-focused media outlet, Scott Besant, the US Treasury Secretary who is favorable towards cryptocurrencies, has been appointed as the interim director of the Consumer Financial Protection Bureau (CFPB) on the 3rd (local time).
The CFPB is an agency that oversees the consumer financial market and has proposed several rules affecting cryptocurrencies over the years.
Meanwhile, last month, he announced an interpretive rule to protect consumers from cryptocurrency trading fraud.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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