A proposal to combine decades-old Wall Street regulatory agencies is on the table again as President Donald Trump and GOP lawmakers try to slash the federal bureaucracy.
Trump is tapping billionaire Elon Musk, who says “there are too many duplicative regulatory agencies,” to head a new Department of Government Efficiency, with office space in the White House and backing from mostly Republican congressional caucuses.
As Trump, Musk, and their allies look for ways to streamline government actions—and to come up with a framework for regulating cryptocurrency trading—some industry watchers say the time is right to consolidate the Securities and Exchange ...
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