Trump-Linked Crypto and Prediction Market Firms Pressure CFTC for Regulatory Approval
By
Sharon LaFraniere, David Yaffe-Bellany
Lightly browned and well buttered. A solid pick from the rack.
Summary
The article describes how three companies with ties to the Trump family's business empire pressured the Commodity Futures Trading Commission (CFTC) to approve their ventures in prediction markets. The CFTC, an obscure federal agency, has reportedly purged its ranks, reduced enforcement, and boosted industries where President Trump's family is heavily invested. The piece highlights the intersection of crypto firms, prediction markets, and political influence within a regulatory agency.
Key quotes
· 3 pulledLast fall, a high-stakes struggle unfolded inside the red brick walls of an obscure federal agency.
Three companies — each with ties to the Trump family’s business empire — needed the Commodity Futures Trading Commission to bless their ambitions in the white-hot field of prediction markets.
The Commodity Futures Trading Commission purged its ranks, dialed back its enforcement and boosted industries in which President Trump’s family is heavily invested.
You might also wanna read
EU Packaging and Packaging Waste Regulation (PPWR): Key Provisions and Compliance Requirements
The EU adopted the Packaging and Packaging Waste Regulation (PPWR) on 19 December 2024, effective 11 February 2025, replacing the previous d
lw.com·3h ago
SEC proposes repealing climate disclosure rule for public companies
The Securities and Exchange Commission (SEC) has proposed repealing a Biden-era climate disclosure rule that would have required some public
share.google·1d ago
Ripple CEO Interprets Trump's Crypto Post as Signal of U.S. Policy Shift Toward Digital Assets
Ripple CEO Brad Garlinghouse interprets President Donald Trump's Truth Social post about digital assets as a signal of shifting U.S. policy
news.bitcoin.com·2d ago
Hard-Right Outsider Wins Primary for Texas Oil Regulator Seat, Rattling Industry
A little-known hard-right candidate unexpectedly won a primary election for a seat on the Railroad Commission of Texas, the state's influent
bloom.bg·2d agoHard-Right Outsider Wins Primary for Texas Oil Regulator Seat, Rattling Industry
A little-known hard-right candidate unexpectedly won a primary election for a seat on the Railroad Commission of Texas, the state's influent
bloom.bg·2d ago
Trump Administration's Executive Order 14405 Targets Financial Services Deregulation
The Trump Administration issued Executive Order 14405 as part of its deregulatory initiative, now targeting financial services with fintech-
jdsupra.com·4d ago