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I'm starting a new role at The Wall Street Journal with our super talented Wall Street team WSJ Banking. I'll be covering financial regulation and financial crimes - some familiar topics (money laundering and illicit finance) and some new ones (consumer finance, scams). Get in touch!

Fed responds on cue with news that Vice Chair Barr is stepping down: wsj.com/economy/centra…

Donald Trump has yet to name his picks to head Washington’s banking agencies, but possible nominees are already teasing a pullback of regulations. ⁦Gina Heeb⁩ ⁦⁦Dylan Tokar⁩ wsj.com/finance/regula…

Banks to Trump: Don't forget about us. wsj.com/livecoverage/s…

SEC's acting chair may be Mark Uyeda, but it's 'CryptoMom' Hester Peirce who will be in the spotlight when it comes to the regulator's new approach to crypto wsj.com/livecoverage/s… via @wsj

Ted Cruz is going after the CFPB (again) -this time by using budget reconciliation to try and effectively eliminate its funding through the Federal Reserve. He believes using this strategy would only require a simple majority of votes in the Senate--rather than 60 votes.

Trump has fired CFPB director Rohit Chopra, a firebrand who earned himself the ire of America's banks, both small and large. The president has yet to name Chopra's replacement. wsj.com/finance/regula…

The U.S. isn’t sure what to do with $2 billion that Russia has stuck at JPMorgan. The money was frozen after Justice Department investigators found Russia and Turkey had used a nuclear plant to sidestep U.S. sanctions. wsj.com/politics/polic… via The Wall Street Journal

The SEC is so eager to bury its conflict with the crypto market that it moved its top litigator to an office that maintains the agency’s computer systems wsj.com/finance/curren… great story from Dave Michaels

Scoop: Russell Vought has taken over as acting director of the CFPB, and has ordered staff to give DOGE access to "non-classified" systems wsj.com/finance/regula… via The Wall Street Journal w Brian Schwartz

There's a new front in America's war on drugs. Chinese money brokers are teaming up with Mexican cartels to grease the wheels of the fentanyl trade. Our go at explaining the world of Chinese money laundering. w/ Patricia Kowsmann Brian Spegele wsj.com/world/china/ch…

Michael Barr on the principle of Fed independence in the context of bank oversight: In its 110 years, "the Federal Reserve has exercised its independent judgment about bank regulation…. That has served the country well." "I don’t think we want other entities trying to influence

Coverage here: wsj.com/livecoverage/s…

NEW: Take a look at the CFPB's new direction in a memo sent to staff this evening. Some key changes worth reading with the agency being run by acting CFPB director Russ Vought. Trump's nominee to run the CFPB, Jonathan McKernan, has yet to receive a full Senate vote.