Warren Warns Weakened CFTC Risks Crypto Oversight Gaps

TLDR Senator Elizabeth Warren questioned whether the CFTC can handle expanded crypto oversight. Warren said staffing cuts and reduced enforcement weaken the agency’s capacity. The CFTC workforce has reportedly declined by about 25% in recent years. Warren criticized the agency’s decision to back vacating the 2022 Gemini judgment. The CFTC concluded the Gemini complaint would [...]

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