CFTC crypto oversight is moving toward a larger role under the CLARITY Act, but the agency that Congress may soon ask to police much of the US crypto market is facing a more immediate test of its own independence.
A New York Times investigation reported that senior Commodity Futures Trading Commission officials who raised concerns about Polymarket, Crypto.com, and a Gemini-linked prediction-market plan were suspended, investigated, pushed out, or cut out of relevant discussions as agency leaders helped those firms secure favorable regulatory outcomes.
That report lands directly on top of Washington’s crypto market-structure fight and the broader debate over CFTC crypto oversight. The CLARITY Act would…
