At the hearing in the Committee for Financial Services of the House of Representatives, Ayanna Presley expressed bewilderment why the United States State Administration (DOGE) “abolished” the consumer financial protection Bureau (CFPB). The bureau played an important role in the fight against fraud, and people continue to lose their savings due to the actions of the attackers, so the government is obliged to intervene, Presley emphasized.
“The agency is now actively attacking. Ilon Musk and his so -called brothers in the DOGE Department expelled CFPB employees, locked the doors of the department and stopped his work. Without measures of protection by CFPB, consumers remain vulnerable to fraudulent cryptocurrency schemes that continue to spread rapidly, ”Presley said.
The democrat did not miss the opportunity to criticize President Donald Trump for launching Trump Memcoin. After the emergence of a “related” melania token, he lost about 45% of his value, leaving ordinary investors at a loss. Presley called Trump Token’s launch fraud – according to her, Trump’s insiders withdrew their money to make a profit. The actions of the American president are contrary to the CFPB mission to protect consumers, the congresswomen said, persistently demanding to restore the work of the department.
Earlier, the non -profit organization for the protection of consumer rights Public Citizen called on law enforcement officers to begin the investigation of the launch of the “presidential” Trump tokens. Lawyers argue that with their help Trump extracts gifts from the population, violating federal laws.
Source: Bits
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