Breaking
April 20, 2025

Fired Democrat FTC commissioner warns of the ‘corrupting influence of billionaires’ Florence Muchai | usagoldmines.com

Former Federal Trade Commission (FTC) Commissioner Alvaro Bedoya believes President Donald Trump’s decision to fire the agency’s two remaining Democratic members serves the interests of powerful billionaires rather than the American people. 

Speaking before the Colorado state legislature Wednesday, Bedoya said the dismissals would suppress fair market oversight and undermine the work of independent regulatory agencies.

I think we need to be focused on the billionaires over President Trump’s shoulder at his inauguration and what this attempt will do for them,” Bedoya said. “Above all else, we need to be asking ourselves, who will win from this attempt to illegally remove us, and frankly, who will lose?

Bedoya: Trump firing Democratic party-aligned commissioners is illegal  

As reported by Cryptopolitan on March 19, Bedoya and fellow Democratic Commissioner Rebecca Kelly Slaughter were fired on Tuesday evening, an action they have coined “illegal and unlawful.” Their removal appears to violate legal precedent that restricts a president from firing FTC commissioners without cause. 

The following day, in a CNBC interview, Slaughter cautioned that the dismissals breach government agencies’ ability to work independently.

This isn’t just about the FTC, and it’s not about my job,” Slaughter said on CNBC’s Squawk on the Street. “This is about policing the ability of the FTC to police markets and ensure honest businesses are protected instead of allowing companies that lie and cheat to get ahead.

Slaughter also asked if the firings could be extended to other independent agencies or if it was just a ploy to take out the liberals from the agency. “If I can be fired, I don’t know why Jerome Powell can’t be fired,” referring to the Federal Reserve chairman.

As head of the executive branch, President Trump is vested with all of the executive power in our government,” said FTC chairman Andrew Ferguson, defending Trump’s decision. “I have no doubts about his constitutional authority to remove Commissioners, which is necessary to ensure democratic accountability for our government.

Washington has not specified the reasons for the dismissals, but White House spokesperson Taylor Rogers said Trump is exercising his “lawful authority” to manage personnel. 

President Trump will continue to rid the federal government of bad actors unaligned with his common sense agenda the American people decisively voted for,” Rogers remarked.

Is Trump protecting his tech friends?

Bedoya asserted that his firing may be linked to his statements on Amazon founder Jeff Bezos. Bezos, along with other tech executives such as Elon Musk and Mark Zuckerberg, stood behind Trump at his inauguration on January 20.

I issued a statement criticizing Mr Bezos for working his people and warehouses so fast, so hard that they literally have to put up vending machines on the warehouse floor, dispensing and capping the amount of painkillers each of those workers has to get,” Bedoya told Colorado lawmakers.

Although he didn’t directly accuse Bezos of having influenced his dismissal, Bedoya said the timing of his firing was “interesting.”  

I’m not alleging that this was why I was fired, but I think it’s an interesting coincidence.”

The FTC has also been investigating Amazon, Meta, and X, which the ex-commissioner revealed he had been working on.

I stress an uncomfortable fact, which is that the issue of the corrupting influence of money in politics, I don’t think, is limited to one party. So I think we need to take a step back and ask ourselves, who will win from this effort to remove us?” he inquired.

Bipartisan concerns and the Senate pushback

More than two dozen Democratic senators have called on Trump to reinstate the fired commissioners. In a letter signed on Tuesday by Senators Amy Klobuchar, Dick Durbin, and Maria Cantwell, among others, they argued that Trump is ignoring the FTC’s independence.

This action contradicts Congress’s constitutional authority to create bipartisan, independent commissions and upends more than 110 years of work at the FTC to protect consumers from deceptive practices and monopoly power,” the senators wrote. “We urge you to rescind these dismissals so the FTC can get back to the people’s work.”

Still, White House Press Secretary Karoline Leavitt swatted away concerns about any legal repercussions, saying the removals were well within the US president’s authority.

They were given ample notice in a letter that I believe your outlet reported on,” Leavitt reckoned. 

When asked if the administration’s goal was to overturn the 1935 Supreme Court ruling that protects the independence of commissions, she responded, “The goal was to let these individuals go. If we have to fight it all the way to the Supreme Court, we certainly will.

Cryptopolitan Academy: Coming Soon – A New Way to Earn Passive Income with DeFi in 2025. Learn More

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? Christian Encila | usagoldmines.com

Robert Kiyosaki predicts $1M Bitcoin by 2035 amid rising inflation Nellius Irene | usagoldmines.com

China’s humanoid robots complete the world’s first “half-marathon” for androids Shummas Humayun | us...

Trump’s Memecoin Surges 8% despite fresh $320 million unlock Shummas Humayun | usagoldmines.com

Crypto News | The extraction economy vs the power of owning real assets José Fernando Pereira | usag...

Can Solana (SOL) Maintain Its Status as a Leading Performer in 2025 Amid the Rise of This $0.025 Vir...

Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even Semilore Fale...

Crypto News | Base creator Jesse Pollak apologizes for sharing provocative GIF after latest backlash...

XRP STALLS UNDER $2.10 WHILE ANALYSTS MOVE TO THIS 25X COIN Cryptopolitan Media | usagoldmines.com

Firing Jerome Powell may harm the dollar, says French Finance Minister Shummas Humayun | usagoldmine...

Analysts Say Ruvi Ai (RUVI) Can Bring Higher Results In 2025 Than Solana (SOL)  Cryptopolitan Media ...

Bitcoin Outshines Gold By Over 13,000% — ‘Let The Numbers Speak’, Expert Says Christian Encila | usa...

Google faces most serious threat that could split it’s core businesses Noor Bazmi | usagoldmines.com

Crypto News | Semler Scientific Reports $41.8 Million Bitcoin-Related Paper Loss in Q1 2025 Chayani...

Japan is willing to ease car safety standards in Trump tariff deal Shummas Humayun | usagoldmines.co...

Absurdly Underestimated Crypto Coin That Will Outpace Big Cryptos Like Solana and XRP Cryptopolitan ...

Global shock from Trump’s tariffs is about to be felt this week Shummas Humayun | usagoldmines.com

Industry Experts Say This $0.01 Token Is A Must-Have In Each Investor’s Portfolio As Ripple (XRP) St...

Dogecoin Price Closes In On Major Trendline For Breakout To $1 Scott Matherson | usagoldmines.com

Brace For Impact: Dogecoin May Plunge Before Skyrocketing 400%—Analyst Christian Encila | usagoldmin...

Crypto News | Ethereum Upgrades Could Boost Scalability, Payments Role: Binance Wayne Jones | usago...

Solana (SOL) Investors Hope For $300 Valuation While Ruvi AI (RUVI) Expects 14x Gains And Up To 16,0...

Shiba Inu (SHIB) Signals Bullish Reversal, While Mutuum Finance (MUTM) Emerges as 2025’s Top DeFi Co...

What Happened In Crypto This Week? Shrishesh Tanksalkar | usagoldmines.com

Cardano (ADA), Mutuum Finance (MUTM) and Ethereum (ETH) Are Targeting New Highs In June, Which Is Th...

Chainlink Price Continues To Hover Around $12.5 — Levels To Watch Opeyemi Sule | usagoldmines.com

StanChart predicts stablecoins will hit $2T in 3 years and boost US debt demand Jai Hamid | usagoldm...

Solana Price Prediction: SOL Indicators Mirror Jan 2025 Pump, Will We See A Repeat as Mutuum Finance...

XRP Could Hit $12.5 Before President Trump Leaves Office, Asserts Standard Chartered Newton Gitonga ...

Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins Scott Ma...

Crypto News | Fed’s Recession Fears Could Catapult Bitcoin Prices to $1M By 2030 W. E. Messamore | ...

Forget Cardano (ADA), This New AI Token Is Bringing Staggering Rewards and ROI To The Table Cryptopo...

XRP adoption surges across LATAM as investors shift away from other altcoins Cryptopolitan News | us...

Analyst Calls $4.5 XRP Price The Minimum Target for Ripple’s XRP In “Worst Case Scenario” Newton Git...

Wallet Holding Bitcoin Since $284 Price Awakens After 10 Years Newton Gitonga | usagoldmines.com

Canary Capital Seeks SEC’s Permission To Launch TRX ETF With Staking Component Brenda Ngari | usagol...

Top online crypto casinos in Dubai: Most enticing promotional offers Shayan Chowdhury | usagoldmines...

Crypto News | Bitcoin Price Analysis: How BTC Can Escape the Current Consolidation Range CryptoVizA...

Trader Who Called Solana’s (SOL) ATH In 2021 and Again in 2025 Pinpoints a New Crypto For 54x ROI in...

Solana Price Bounces Off Critical Support Level — Is $2,000 Possible? Opeyemi Sule | usagoldmines.co...

Crypto News | Blockchain privacy is a right, not a criminal tool Matthew Niemerg | usagoldmines.com

XRP Price Prediction 2025 Debashree Patra | usagoldmines.com

Firing Powell Could Set Dangerous Precedent and Hurt Crypto, Warns Pompliano Nidhi Kolhapur | usagol...

Dogecoin (DOGE) Price Prediction: Investors Eye This New Project That Offers 8,000% ROI Potential in...

Dogecoin News: DOGE And Mutuum Finance (MUTM) Set For Huge Breakouts Targeting $0.50 Cryptopolitan M...

Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking? Sebastian Villafuerte | usag...

Crypto News | Inside Tether’s New Ventures and Bitcoin Mining Push Chayanika Deka | usagoldmines.co...

XRP News: ETF Approval Could Suck Up Supply Like a “Vacuum” & Pump Price Higher Mustafa Mulla | ...

XRP Price Stability Tested; Yeti Ouro’s P2E Model And Easter Bonus Draws Investor Attention Cryptopo...

Polymarket panic? US recession bets hit 57% Ashish Kumar | usagoldmines.com

Canary Capital Files for Spot Tron ETF with Staking Feature Ruholamin Haqshanas | usagoldmines.com

Crypto News | Belarus targets latter half of 2026 for its digital ruble Christina Comben | usagoldmi...

JAN3 CEO Exposes the Big Crypto Illusion – No Way XRP Matches Bitcoin at $5,800 Mustafa Mulla | usag...

Sam Bankman-Fried Moved to Terminal Island, Home to Infamous Inmates Nidhi Kolhapur | usagoldmines.c...

Brad Garlinghouse dismisses chances of an IPO in 2025 Owotunse Adebayo | usagoldmines.com

Lyn Alden Says Bitcoin Would Be Higher if Not for Trump’s Tariff Shock Ruholamin Haqshanas | usagold...

Best Altcoins to Buy as Long-Term $BTC Holders Continue to Remain in Profit Despite Recent Turbulenc...

Ripple Takes Asia By Storm With New XRP Product, Here Are The Recent Developments Scott Matherson | ...

Crypto News | Ethereum’s Next Big Move: 3 Bullish Signals That Could Skyrocket ETH Jordan Lyanchev ...

Crypto News | White House reveals Lab Leak: the true origins of Covid-19 that sent markets spinning ...

XRP Price Analysis Today : Golden Cross Points to Potential Breakout Vignesh S G | usagoldmines.com

Finding The Next Top 10 Crypto Early: Comparing Shiba Inu, Mutuum Finance (MUTM) and Chainlink (LINK...

Anthony Pompliano kicks against Powell’s axe as Senator Warren warns of consequences Owotunse Adebay...

Bitcoin gains momentum as China’s M2 supply hits record 326 trillion Yuan Cryptopolitan News | usago...

Solana Price Eyes $150 as Bulls Defend Key Support—Will May Bring a Breakout or Another Pullback? Ar...

Ethereum Trades At Bear Market Lows: Fundamentals Signal Major Undervaluation Sebastian Villafuerte ...

Crypto News | Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details) ...

Altcoin Season Incoming? Bitcoin Dominance Drops Below Key Support Vignesh S G | usagoldmines.com

Bitcoin Price Prediction 2025 Debashree Patra | usagoldmines.com

Is Ethereum About to Crash? Peter Brandt Predicts Drop to $800 Nidhi Kolhapur | usagoldmines.com

Missed Bitcoin at $500? Don’t Miss This AI Meme Coin Before It Hits a $5B Market Cap Cryptopolitan M...

XRP Price Analysis: Can Bulls Push Past $2.15 Resistance This Week? Arslan Butt | usagoldmines.com

Bitcoin Reclaims $85,000 as ETF Inflows Surge—Can Bulls Push BTC to a New All-Time High? Arslan Butt...

Crypto News | TRUMP Soars 12% Daily, Bitcoin Price Consolidation Continues (Weekend Watch) Jordan L...

Cardano (ADA) Price Analysis: Is A Major Rally Anywhere Near For ADA and This ADA Killer Mutuum Fina...

BNB Weathers The Storm Better Than Altcoins, Stats Show Christian Encila | usagoldmines.com

Strategy’s Bitcoin Holdings Outperform Nvidia Stock, MSTR Stock Soars 2,500% Sohrab Khawas | usagold...

Brazilian court jails three men for $190 million crypto Ponzi scheme Owotunse Adebayo | usagoldmines...

Michael Saylor’s Strategy outperforms Big Tech stocks with Bitcoin returns Hannah Collymore | usagol...

Pompliano Warns Trump Firing Fed Chair Would Set Dangerous Precedent Ruholamin Haqshanas | usagoldmi...

XRP Consolidation About To Reach A Bottom, Wave 5 Says $5.85 Is Coming Scott Matherson | usagoldmine...

Aptos Community Proposes 50% Cut in Staking Rewards : What’s Next for the Network? Nidhi Kolhapur | ...

Hedera Price Prediction: Massive Bull Pennant Forms, HBAR And Mutuum Finance (MUTM) Look Set For $0....

Aptos community proposal seeks to halve staking rewards Nellius Irene | usagoldmines.com

SCMP files police report over copycat website pushing fake crypto investments Owotunse Adebayo | usa...

$69K Is the Key, Cowen Maps Out Bitcoin’s Next Big Move Anjali Belgaumkar | usagoldmines.com

Bitcoin Price Prediction: How Low Can BTC Go in a Recession? Qadir AK | usagoldmines.com

China’s Money Supply Hits Record High — Could It Send Bitcoin to $90K? Mustafa Mulla | usagoldmines....

Crypto News: Binance Alerts Indian Users on New KYC Requirement Anjali Belgaumkar | usagoldmines.co...

Gold Price Today Hits $3,357 ATH — Is Bitcoin Bull Run Coming? Vignesh S G | usagoldmines.com

UAE advances in securing AI chip access following $1.4 trillion pledge Nellius Irene | usagoldmines....

Bitcoin Ready To Reclaim $90,000? BTC’s ‘Next Big Move’ Could Come Next Week Rubmar Garcia | usagold...

Crypto News | How a $5.2M Paper Profit Turned into a $355K Loss: The Perils of Meme Coin Speculatio...

Crypto News | Peter Schiff: Bitcoin a ‘Fraud,’ Strategy Will Probably Go ‘Bankrupt’ W. E. Messamore...

XRP Price Consolidation Nears End, $5 Finally in Sight Anjali Belgaumkar | usagoldmines.com

Bitcoin Set for Major Volatility: $14B Shifted, Whales Bullish Despite Economic Turmoil Nidhi Kolhap...

Santander escapes liability in customer’s costly CoinEgg crypto scam Nellius Irene | usagoldmines.co...

Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead? Samuel Edyme | usagoldmine...

Pi Network’s New Migration Roadmap: Lags Timeline, Dates, and Exact Criteria. Mustafa Mulla | usagol...

7.8 Million Pi Coins Unlock Today: Price Jumps 6% Anjali Belgaumkar | usagoldmines.com

Leave a Reply