Senator Warren demands CFTC records on staff exits and Polymarket, Gemini, Crypto.com oversight
Senator Warren pressed the CFTC on June 9 over its oversight of Polymarket, Crypto.com, and Gemini, citing counter-terrorism financing concerns and questioning whether the agency has sufficient resources and legal authority for digital-asset and event-contract markets. She also sought records related to staff exits and discussions around the Clarity Act, with her office framing these cases as illustrative of the CFTC's regulatory approach. The companies named include Gemini affiliate Gemini Titan. No direct involvement by Trump was alleged in the underlying conduct. The hearing and records request come as the agency faces multiple lines of scrutiny over its enforcement capacity.
CFTC Chairman Selig must now answer Warren in writing while defending the agency's event-contract framework in court and to inspectors. Any admission of weakened enforcement capacity hands Congress ammunition to override the CFTC's prediction-market jurisdiction.
Warren's records demand follows CFTC officials who previously flagged Polymarket and Crypto.com concerns being suspended, adding congressional pressure to the agency's internal disciplinary conflict over digital-asset oversight.