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CFTC Axes Crypto Staff, CLARITY Act Advances

5/26/2026

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Story summary
  • CFTC removed employees who questioned applications from Polymarket, Crypto.com and Gemini Titan, tied to President Donald Trump’s family.
  • Chair Caroline Pham and senior counsel Brigitte Weyls intervened, with Weyls sending a Gemini Titan memo before staff review.
  • Crypto enforcement fell from 80 cases under Biden administration to two under President Donald Trump, dropping five investigations.
  • Senate Committee voted 15-9 to advance the CLARITY Act, expanding CFTC authority over digital markets.