After renewing its 30-year-old headquarters for another 5 years, it looks like CFTC plans to take the “market cake” for themselves—what’s the point of moving anywhere? Don’t move; expanding recruitment comes first.

According to Reuters, the U.S. Commodity Futures Trading Commission (CFTC) has abandoned plans to move into the SEC's office space, and will continue to stay at its current headquarters in Washington, which has been in use for about 30 years, and intends to renew its 5-year lease with the current landlord. Sources said that the CFTC had previously considered sharing office space with the SEC to coordinate on digital asset regulation; however, the two agencies decided not to pursue the plan in April, and the specific reasons are unclear. The report states that the CFTC is currently facing regulatory pressure from the expanding prediction markets and digital asset industry, and a procurement notice indicates that staying at the current location can provide space for the growing staff and avoid operational disruptions during the new industry regulatory responsibilities.