Story perspectives

Trump Appoints CFTC Chair, Vacates Seats, Drops Crypto Probes

5/25/2026

Summary

Story summary

President Donald Trump appointed Michael S. Selig as chair of the Commodity Futures Trading Commission (CFTC) and left seats vacant, stripping the agency of enforcement capacity.
Donald Trump Jr., via 1789 Capital, invested in Polymarket, serves as adviser, and the CFTC dismissed enforcement staff and dropped five crypto investigations.
Former officials said ignored concerns about Crypto.com’s advantage and Polymarket’s safeguards led to staff being placed on leave or forced out.

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Story summary

President Donald Trump appointed Michael S. Selig as chair of the Commodity Futures Trading Commission (CFTC) and left seats vacant, stripping the agency of enforcement capacity.
Donald Trump Jr., via 1789 Capital, invested in Polymarket, serves as adviser, and the CFTC dismissed enforcement staff and dropped five crypto investigations.
Former officials said ignored concerns about Crypto.com’s advantage and Polymarket’s safeguards led to staff being placed on leave or forced out.