President Donald Trump on Tuesday stressed the importance of establishing the U.S. Commodity Futures Trading Commission’s “exclusive authority” over prediction markets and vowed to protect the cryptocurrency industry.
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“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump wrote in a Truth Social post. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States.”
“Other Countries are after this new form of Financial Market, and we want to remain at the top,” he said.
“Likewise, and even more…
