U.S. Senator Warren Questions CFTC’s Regulatory Capacity, Warns That Expanding Authority Amid Staff Reductions Could Pose Risks
According to The Block, U.S. Senator Elizabeth Warren sent a letter to Michael Selig, Chair of the U.S. Commodity Futures Trading Commission (CFTC), questioning whether the agency is capable of assuming broader regulatory responsibilities for cryptocurrencies and prediction markets amid staff reductions and declining enforcement activities.
