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Senator Warren Calls Weakened CFTC a 'Recipe for Disaster' on Friday as Workforce Shrinks 25%

Regulation & Policy Enforcement Actions

2026-06-09 18:02:21

According to The Block, Senator Elizabeth Warren sent a letter to Commodity Futures Trading Commission Chair Michael Selig on Friday arguing that the agency is ill-equipped to handle expanded responsibilities in regulating crypto and prediction markets. Warren cited reports that the CFTC's workforce has shrunk by around 25% and pointed to a major decline in enforcement actions since President Donald Trump took office. "A CFTC with fewer staff members, reduced enforcement activity, and expanded responsibilities is a recipe for disaster," Warren wrote, urging the agency to demonstrate its capacity to effectively police crypto and prediction market firms.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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