**CFPB Finalizes Rules for Digital Payment Platforms, Excludes Crypto**

The Consumer Financial Protection Bureau (CFPB) has finalized its rules for "Larger Participant" criteria, focusing on digital payment platforms like Apple Pay and Venmo. These rules apply only to transactions in US dollars, excluding crypto assets such as Bitcoin and stablecoins.

The decision follows pushback from crypto advocates and lawmakers, who argued that including digital assets could harm the crypto ecosystem. Initially, the CFPB aimed to extend oversight to crypto wallets, but industry resistance led to the exclusion of crypto transactions from the final rule.