CFTC officials questioned over crypto regulation suspended or forced to resign

ChainCatcher report, according to Cointelegraph, a Sunday investigation by The New York Times revealed that several senior CFTC officials who had raised regulatory concerns about Polymarket, Crypto.com, and Gemini-affiliated companies were subsequently placed on administrative leave, subjected to internal investigations, and forced to resign. All three companies have been accused of having business ties to the Trump family. The report states that then-CFTC Acting Chair Caroline Pham and her senior advisors intervened to assist these companies in obtaining necessary approvals. By the end of 2025, five officials who had raised questions or enforced cryptocurrency regulations were placed on administrative leave and subjected to internal investigations, without being informed of the reasons. After leaving office, Pham joined MoonPay, a crypto company with ties to Polymarket, while her senior advisor, Brigitte Weyls, became General Counsel of Gemini Titan—the very application she had helped approve. On the enforcement front, the CFTC has dropped at least five cryptocurrency investigations, with enforcement actions plummeting from over 80 during the Biden administration to just two during Trump’s term. In response, a White House spokesperson denied any conflict of interest, stating, "President Trump will only act in the best interests of the American public."