Trump's inaugural team explores proposals to scale back or eliminate financial regulators

Former US President Donald Trump's presidential transition team will be discussing whether financial regulatory agencies can be scaled back, consolidated or eliminated altogether.
According to the Wall Street Journal on the 12th (local time), Elon Musk
The advisory panel, which is attached to the Department of Government Efficiency (DOGE) and headed by President Donald Trump, said that in interviewing potential financial regulator candidates, the president should have been aware of the Federal Deposit Insurance Corporation (FDIC).
President Trump's advisory panel has asked candidates for the FDIC and the Office of Financial Commissioner (OCC) whether they would consider handing over bank deposit insurance to the Treasury Department.
There were questions about possible consolidation, and plans for consolidating or restructuring the FDIC, OCC, and Federal Reserve were also discussed.
The decision on whether to abolish an agency like the FDIC would be up to the Republican-controlled Congress, a complicated and unusual process.
President Trump has announced that Martin Grunberg, who is due to leave office on January 19,
The FDIC has the power to nominate a successor to FDIC Chairman Gruenberg, who announced his retirement last month.
The debate is seen as an indication of the policy direction of President Trump, who has pledged to ease regulations and make large cuts to government spending.
It's in charge of DOGE, which is co-led by Musk and Vivek Ramaswamy, the failed Republican presidential candidate.