U.S. Senator Elizabeth Warren sent a letter to CFTC Chairman Michael Selig, asking him to submit records related to the regulation of the cryptocurrency industry and prediction markets by June 18, including details on communications with prediction market companies and information on personnel changes. Warren said that, while the CFTC cut staff by about 25% and reduced enforcement actions, it is also taking on more regulatory responsibilities, which could weaken its ability to oversee the crypto market and prediction markets and pose risks to investor protection and market integrity.

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.
  • Reward
  • 4
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-bf5d0c14
· 5h ago
Classic playbook: first manufacture a crisis narrative, then push for stricter legislation—everyone in the crypto circle is completely fed up.
View OriginalReply0
Miner'sOldKeyboard
· 8h ago
It is recommended to publicly disclose all communication records so everyone can see what regulators and the regulated parties have actually discussed.
View OriginalReply0
TheHiddenRisksBehindApy
· 8h ago
Warren’s moves look very familiar—every election year she shows up to make sure everyone remembers her. Who’s pie—or the slice of the benefits—she’s trying to get a hold of this time?
View OriginalReply0
L2AlleyRunner
· 8h ago
Laying off 25% and still expanding regulation, CFTC probably can't even handle Kalshi's customer service calls now.
View OriginalReply0
  • Pinned