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Trump Deregulation Tracker

The Trump Administration is making historic changes to financial policy and our regulatory system. Our team is tracking these changes, by agency, below.

Date Action Agency Summary
2025-09-17 SEC Policy Statement on Mandatory Arbitration Provisions
SEC

The SEC issued a policy statement saying it is permissible for issuers to require investors to arbitrate disputes. Companies may prevent investors from going to court and from filing class actions to redress corporate misconduct.

Read Better Markets’ statement: SEC Allowing Corporations to Force Harmed Investors into Biased Arbitration Star Chambers Is Wrong 

2025-09-15 Stephen Miran is Confirmed as a Federal Reserve Governor
Federal Reserve

Despite significant opposition from Senate Democrats and questions about political independence and qualifications, Stephen Miran was confirmed as a Fed Governor. The confirmation was done in record time, because Trump wanted Miran in his seat at the Fed in time for the Sept. 17-18, 2025 FOMC meeting.

[As detailed in Better Markets’ statement following the confirmation] a Trump-controlled Fed will make short-term political decisions to benefit Trump, not the tens of millions of hardworking Americans who depend on the Fed to make data-driven decisions to keep prices under control while maximizing employment. With Americans already paying higher prices due to his trade war and economic chaos, a Trump-controlled Fed will just make life more unaffordable for Main Street Americans. While it can create a short-term sugar high with lower near-term interest rates that will benefit Wall Street and the already rich, a Trump-controlled Fed making economic decisions based on politics risks igniting runaway inflation and even stagflation, which will crush paychecks and decimate the budgets of Main Street families.

2025-09-15 The SEC agreed to settle its lawsuit against Gemini
SEC

The SEC reached a settlement to resolve its unregistered securities trading claims against cryptocurrency exchange Gemini Trust Co. This follows a pattern of the SEC surrendering to the crypto industry.

2025-09-15 CFTC Withdraws Governance and Conflict of Interest Proposals for Futures Exchanges and Swap Trading Platforms
CFTC

The CFTC withdrew a 2024 proposal that would have established governance and fitness requirements concerning market regulation functions and related conflict of interest standards. Enhancing market integrity by establishing robust governance fitness standards and comprehensive conflict of interest regulations are crucial for maintaining fair and efficient markets.

2025-09-11 CFTC Withdraws Guidance on Recovery & Orderly Wind-Down Planning for Derivative Clearinghouses
CFTC

The CFTC withdrew guidance on requirements related to recovery and orderly wind-down and resolution planning for derivatives clearing organizations (DCOs). Requiring firms to have recover and wind-down plans is critical for safeguarding the integrity and stability of the financial system.

2025-09-11 CFTC Withdraws Proposal to Require Operational Resilience Against Cyber Threats
CFTC

The CFTC withdrew a 2024 proposal that would have required merchants and swap dealers to maintain an operational resilience framework to protect against a broad set of risks, including from cybersecurity and third-party vendors. To truly protect our financial markets, we must ensure that all firms, domestic and international, adhere to the highest standards of operational and cybersecurity resilience.

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