Elizabeth Warren criticizes Musk for dismantling CFPB like a 'bank robber'

BlockBeats News: On February 14th, according to Cointelegraph, as the CFPB layoffs and cryptocurrency regulatory controversy heated up, Democratic Senator Elizabeth Warren accused Musk and Trump of dismantling the Consumer Financial Protection Bureau (CFPB) for financial control. Warren said in an interview, 'The CFPB was created by Congress and only Congress, not Musk or Trump, has the authority to shut it down.'. Musk's actions towards CFPB are like a 'bank robber'. CFPB was previously founded by Elizabeth Warren in 2007 and was hit by another wave of layoffs on February 13th, with about 100 employees receiving notices of termination. This move is included in the labor optimization plan agenda of Musk's Department of Efficiency (DOGE). BlockBeats previously reported that on February 8th, Russell Watt, the Director of the Office of Management and Budget (OMB), took over as Acting Director of the Consumer Financial Protection Bureau (CFPB), while officials from the Department of Government Efficiency (DOGE) led by Elon Musk took over and deleted the CFPB's X account that evening. Musk tweeted "CFPB RIP" on the X platform on Friday afternoon and attached a tombstone emoji. The homepage of the CFPB official website displays an error message "404 page does not exist", but other parts of the website can still be accessed. According to sources, officials from the Department of Government Efficiency (DOGE) have obtained management permissions for the CFPB system, including the content management system, website backend, and personnel active directory. The current atmosphere within CFPB is filled with frustration and anger.