An investigation by The New York Times reveals that CFTC officials were allegedly pressured to approve crypto firms with ties to the Trump family, including Polymarket, Crypto.com, and Gemini Titan. The report suggests that then-CFTC Acting Chair Caroline Pham and Senior Legal Counsel Brigitte Weyls intervened to facilitate approvals or bypass scrutiny for these companies. Both officials later joined MoonPay and Gemini Titan, respectively.
Concerns were raised by CFTC staff about Crypto.com's treatment of small investors, Polymarket's fraud protections, and Gemini Titan's incomplete reviews. During the second Trump administration, the CFTC reportedly dropped several cryptocurrency investigations, contrasting with the Biden administration's more aggressive stance, which saw over 80 cases involving digital assets.
CFTC Officials Allegedly Pressured to Approve Trump-Linked Crypto Firms
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