Trump Family Faces Damning New Grift Revelations

Key Points:

• The Commodity Futures Trading Commission (CFTC), responsible for regulating online betting and crypto markets, has significantly reduced its enforcement efforts amid growing ties between the Trump family and these industries.
• Since Trump’s return to the White House, the CFTC has brought only three enforcement cases related to digital currencies and prediction markets, while abandoning multiple investigations and pushing out senior enforcement staff.
• Michael S. Selig, appointed by Trump as the sole CFTC commissioner, has consolidated authority by leaving other board seats vacant, weakening internal oversight and facilitating a regulatory retreat.
• The agency’s diminished enforcement has directly benefited companies linked to the Trump family, such as Crypto.com and Polymarket, with former CFTC officials alleging pressure to drop investigations and sidelining of staff who raised concerns.
• Former officials and industry observers warn this politicization of the CFTC marks an unprecedented shift away from strong regulatory enforcement, raising concerns about conflicts of interest and regulatory capture.