CFTC employee fired for questioning Trump's ties to crypto company

According to Odaily Planet Daily, several career officials at the U.S. Commodity Futures Trading Commission (CFTC) have been dismissed for raising compliance concerns about Polymarket, Crypto.com, and Gemini Titan, all of which are alleged to have business ties to the Trump family. The report states that then-CFTC Acting Chair Caroline Pham and senior legal counsel Brigitte Weyls were involved in the review process, helping these companies obtain approval or evade further investigation. Both subsequently joined MoonPay and Gemini Titan, respectively. It is understood that officials had previously expressed concerns about Crypto.com's unfair treatment of small retail investors, Polymarket's inadequate anti-fraud mechanisms, and Gemini Titan's failure to complete the necessary approvals for operation. Furthermore, the report points out that during Trump's second term, the CFTC has dropped at least five crypto investigations and has only publicly announced two enforcement cases involving digital assets, both against individual operators; in contrast, the Biden administration saw over 80 related cases. (The New York Times)