Today, the Consumer Federation of America (CFA) sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Development and to senators serving on the Senate’s crypto working group urging them to withhold support for any financial deregulatory legislation or nominations following the President’s unprecedented order directing a baseless criminal investigation of the Chair of the Board of Governors of the Federal Reserve System.

The Letter states: As an organization deeply concerned about the threat that financial instability presents to American investors, we have a simple request. Until the President rescinds his attempt to undermine objective and evidence-based decision making regarding United States monetary policy, you must withhold your support of any financial deregulatory bills, legislation, or nominations under the jurisdiction of your committee.