NYT investigation alleges CFTC purged staff who questioned Trump-tied crypto firms
The Block
A New York Times investigation reports that the CFTC pressured and purged staff members who raised concerns regarding crypto firms linked to Donald Trump.Summary
A New York Times report alleges that the Commodity Futures Trading Commission (CFTC) facilitated regulatory approval for companies connected to the Trump family, including Polymarket, Crypto.com, and Gemini Titan, by sidelining career staff who raised objections. According to the investigation, officials intervened to expedite approvals and placed dissenting employees under internal investigation. The report also highlights a significant decline in enforcement actions against crypto firms during the current administration and notes that some officials involved in these decisions subsequently joined the crypto industry.
(Source：The Block)