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Trump calls the SEC Treasury as President of CFPB after the release of his predecessor

Scott Bessent, who was in office for less than a week as Minister of the US Treasury, will take over the acting director of the Acting Consumer Protection Office.

US Treasury Secretary Scott Beesen, who was confirmed by a majority in the Senate less than seven days ago, will take over the role of the Director of the Consumer Protection Office (CFPB) after an order from President Donald Trump.

In February 3, CFPB He said BESSENT will become head of the government agency after Trump Firing Rohit Chopra. The former director, in a letter to the US President on the first of February, said that he hoped that his alternative will work on the evidence involved “law enforcement investigations from large technology companies Wall Street.”

It is not clear why Bessent, who has just led one of the largest financial departments in the United States government, will also be to the CFPB presidency so that the Senate can confirm an alternative. Initially to confirm the Senate, Pesit chanted many administration’s opinions on encryption, including opposition to the creation of a digital currency of the US Central Bank.

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