Donald Trump Calls 4 State Leaders “SCUM” in Push to Keep US the Crypto Capital

Former President Donald Trump has publicly supported the Commodity Futures Trading Commission's (CFTC) exclusive jurisdiction over prediction markets, arguing that this regulatory clarity is crucial for the United States to maintain its position as a global financial and crypto leader. He specifically praised CFTC Chairman Mike Selig for his efforts in expanding the agency's authority over event contracts. Trump warned that rival nations are vying to become the world's Bitcoin capital, and prediction markets face similar competitive pressures. The article highlights the rapid growth of prediction markets, with monthly trading volumes exceeding $20 billion, and notes that their legal status remains uncertain in several states. Trump criticized four state leaders—Chris Christie, Letitia James, Tim Walz, and JB Pritzker—labeling them "SCUM" for their role in the federal-state regulatory battle. This conflict arises as state attorneys general, including James, have supported lawsuits against prediction market platforms like Kalshi, while the CFTC has filed cases against states to prevent state gambling laws from interfering with federally regulated venues. The dispute is expected to potentially reach the Supreme Court, leaving the industry in regulatory uncertainty.

(Source：BeInCrypto)