CFTC Expands Crypto, Prediction-Market Rulemaking as FY 2025 Actions Fall 78%

As crypto and prediction markets expand, their regulator shrinks

Even as the agency is tasked with drawing up new rules for crypto and prediction markets, its staffing and enforcement actions have dropped precipitously during the second Trump administration.

CFTC Expands Crypto, Prediction-Market Rulemaking as FY 2025 Actions Fall 78%

The agency recorded 13 enforcement actions in fiscal 2025, down from 58 a year earlier, while Sen. Elizabeth Warren said its workforce had declined 25% since January 2025.