CFTC may gain broader crypto oversight as staff who questioned major firms were reportedly sidelined
CryptoSlate
A New York Times investigation suggests the CFTC may lack the internal independence required to oversee crypto as staff concerns were allegedly ignored.Summary
The CFTC is positioned to gain significant authority over the U.S. crypto market under the CLARITY Act. However, a recent investigation reports that senior agency officials who scrutinized firms like Polymarket, Crypto.com, and Gemini were sidelined or pushed out. This raises concerns about whether the commission possesses the institutional independence to act as an effective regulator when dealing with politically connected entities, shifting the debate from simple resource capacity to potential regulatory capture.
(Source：CryptoSlate)