Warren is once again targeting the CFTC, cutting 25% of staff and still wanting to oversee prediction markets. Are the regulatory resources enough?

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.