5 CFTC Officials Fired After Questioning Trump-Linked Crypto Companies on May 25

According to a New York Times investigation, CFTC career officials were removed on May 25 after questioning three crypto companies linked to Trump: Polymarket, Cryptocom, and Gemini Titan. Acting CFTC Chair Caroline Pham and senior legal advisor Brigitte Weyls intervened to help the companies obtain approvals or avoid scrutiny, with both later joining those firms.

The dismissed officials had raised concerns about unfair treatment of retail traders at Cryptocom, insufficient fraud safeguards at Polymarket, and incomplete regulatory review for Gemini Titan. Under the Trump administration, CFTC has withdrawn at least 5 crypto investigations, compared to over 80 enforcement cases during the Biden administration.