Brian Armstrong is the CEO of Coinbase and one of the most wealthy and influential voices in the industry. Armstrong is at the forefront of crypto industry figures pushing to lock in weak rules that allow crypto firms to maximize insider profits without safeguards for consumers, investors, or financial stability that families and ‘real economy’ businesses need. Armstrong has deep ties to Trump and his policy demands for the CLARITY Act have been echoed by the White House and Senate Republicans.
Andreessen is at the forefront of crypto industry figures pushing to lock in weak rules that allow crypto firms to maximize insider profits without safeguards for consumers, investors, or financial stability that families and “real economy” businesses need. Andreessen has deep ties to Trump and his policy demands for the CLARITY Act have been echoed by the White House and Senate Republicans.
Across the country, Americans are experiencing an astonishing rise in financial scams and fraud. In the first year of the Trump Administration, regulatory agencies across the federal government received an unprecedented amount of complaints reporting instances of financial fraud and scams.
The Trump-Vought CFPB has permanently dismissed 23 of the Bureau’s public enforcement actions that were pending at the time Trump took office, pardoning egregious repeat offender banks (captured in this memo in red text) and corporations and sending the message that lawbreaking and corporate misconduct will be tolerated. Even more alarming, the Trump-Vought CFPB has
In late May, the Consumer Financial Protection Bureau (CFPB) under Trump-appointee and acting director Russell Vought launched a newly redesigned website that deprioritized consumer complaints and reframed the CFPB as a deregulatory agency rather than the nation’s only financial watchdog focused on protecting consumers in the market. As part of this overhaul, the Trump-Vought CFPB deleted the agency’s blog and removed all press releases prior to February 2025.
In 2025, the Trump-Vought CFPB rescinded 67 policies designed to protect consumers from unfair practices like lending discrimination, harassment in debt collection tactics, and surprise junk fees—and to help families access affordable credit. In the midst of a growing affordability crisis where people are already struggling to keep up with rising costs and growing debt, these actions put consumers at even greater risk and allow banks and corporations to continue to profiteer on the backs of everyday families.
