Coinbase was aware that support reps were suspiciously accessing customer data when its CEO tweeted that the CFPB should be "deleted". Among other things, the CFPB has pursued legal action against financial companies that failed to secure sensitive customer data.

Tweet by Brian Armstrong @brian_armstrong on February 8, 2025 100% the right call The CFPB is unconstitutional on the face of it. And even if it wasn’t, it should be deleted as we already have DOJ to prosecute fraud, and (many) other financial services regulators. It’s an activist organization that has done enormous harm to the country. Quoted tweet: Kekius Maximus @elonmusk CFPB RIP 🪦 Readers added context they thought people might want to know The Supreme Court, ruled (7-2 decision) that the CFPB's funding mechanism does not violate the Constitution. Justice Thomas wrote the majority opinion, stating that the CFPB's funding fits w/in the framework of congressional appropriations.
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