Senate Democrat Calls for Probe of US Derivatives Regulator's Staff Cuts

A top Senate Democrat has requested a congressional watchdog agency investigation into significant staffing cuts at the Commodity Futures Trading Commission (CFTC), citing concerns that a 25% reduction in workforce since early last year could hinder its enforcement capabilities. The CFTC's regulatory mandate is expanding, particularly with its assertion of authority over prediction markets and potential responsibility for cryptocurrencies.