According to a New York Times investigation, CFTC career officials were dismissed for raising questions about affiliated companies of Polymarket, Cryptocom, and Gemini Titan, with acting chairs and senior advisors intervening to help them get approval or avoid scrutiny, and the two later joined MoonPay and Gemini Titan. The officials were concerned that Cryptocom was unfair to small bettors, Polymarket lacked sufficient fraud protection, and Gemini Titan's review was still incomplete. During Trump's presidency, the CFTC withdrew at least five cryptocurrency investigations and announced only two digital asset cases; under Biden, the number of related cases exceeded 80.

WuSaidBlockchainW

2026-05-25 00:38:09

Abstract generation in progress

A New York Times investigation disclosed that CFTC career officials were dismissed after raising questions about Polymarket, Cryptocom, and Gemini’s affiliated company, Gemini Titan—all of which have business ties to the Trump family. The report said then-acting CFTC Chair Caroline Pham and senior legal counsel Brigitte Weyls stepped in to help the three companies obtain approval or avoid scrutiny; both later joined MoonPay and Gemini Titan, respectively. The officials had been concerned that Cryptocom was not treating small bettors fairly, that Polymarket lacked sufficient fraud protection, and that Gemini Titan had not yet completed the reviews required before opening. In addition, during the second Trump administration, the CFTC withdrew at least 5 cryptocurrency investigations and only announced 2 cases involving digital assets, both targeting individual operators; in contrast, during the Biden administration, more than 80 related cases were filed.

POLYMARKET0.39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
9
1
Share

Comment

Add a comment

PerpPulse

· 4h ago

80:2, this data comparison is too brutal, encryption regulation fully toolized

View OriginalReply0

RevokingPermissionsOnARainy

· 15h ago

After the acting chairman left office, they started working at a company that had been approved—this timeline doesn’t even leave room for a whitewash.

View OriginalReply0

BridgeHopster

· 15h ago

Biden has 80 cases, Trump has 2 cases; digital assets have become a political rivalry indicator, and the industry is just collateral damage.

View OriginalReply0

SandwichMev

· 15h ago

Gemini Titan review was released before completion, then the approval officer took office, closing the loop.

View OriginalReply0

BridgeHopHarper

· 15h ago

Career officials are being purged, political appointees are taking over, and the CFTC's institutional memory is resetting to zero.

View OriginalReply0

GateUser-b4b056d3

· 15h ago

Withdrawing investigations into five cases without announcing it, behind-the-scenes manipulation is harder to track than overt corruption.

View OriginalReply0

HypeVaccinated

· 15h ago

Titan, MoonPay, Gemini, this personnel movement chart is clearer than on-chain fund tracking.

View OriginalReply0

MintAfterCoffee

· 15h ago

It’s not easy to publish an investigation by The New York Times in the first place, but what happens after it’s published?

View OriginalReply0

SushiBackrunner

· 15h ago

Polymarket's prediction market free narrative is a joke in the face of regulatory arbitrage

View OriginalReply0

Trending Topics
View More
#
StockTradingChallengeUpTo17000U
15.93M Popularity
#
USIranDraftDeal
288.55K Popularity
#
TradeCFDWinGold
3.03M Popularity
#
HYPEMarketCapSurpassesDOGE
12.64M Popularity
#
PlatinumCardCreatorExclusive
155.83K Popularity

Pinned

Sitemap

The New York Times investigation reports that CFTC is dismissing staff related to Trump's cryptocurrency companies.

Trending Topics

StockTradingChallengeUpTo17000U

USIranDraftDeal

TradeCFDWinGold

HYPEMarketCapSurpassesDOGE

PlatinumCardCreatorExclusive

Pinned