Odaily News According to market sources, crypto-friendly U.S. Treasury Secretary Scott Bessent is currently serving as acting director of the U.S. Consumer Financial Protection Bureau (CFPB), indicating that the Trump administration may shift away from the strict enforcement and regulatory approach under Rohit Chopra.
Chopra was fired by the Trump administration. The Biden-era appointee imposed billions of dollars in fines and consumer compensation on banks such as Wells Fargo, Goldman Sachs and Citigroup during his tenure. Former hedge fund manager Bessant officially took over as Treasury Secretary last week. The broad agenda of this Trump economic policy spokesperson will include tax cuts, deregulation and trade rebalancing.