Ayanna Pressley condemns President Trump and Elon Musk for weakening consumer protections, asserting that the crypto landscape has become conducive to scams. During a recent hearing, she advocated for stronger regulatory measures to safeguard consumers after the damaging actions taken under their leadership.

Pressley referenced the significant losses incurred by investors due to Trump’s meme coin, which plummeted by 40%. She argued for the reinstatement of the Consumer Financial Protection Bureau to prevent similar incidents and restore essential safeguards for consumers affected by cryptocurrency fraud.