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A group of U.S. lawmakers have expressed their concerns over a proposed rule by the Consumer Financial Protection Bureau (CFPB) that could affect the crypto space. In a letter dated Jan. 30, Representatives Patrick McHenry, Mike Flood, and French Hill asked CFPB Director Rohit Chopra to extend the comment period for the rule by 60 […]
The agency highlighted consumer and industry comments in a 259-page report detailing the final draft of the Larger Participants rule.
A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of funds.
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