GAO Investigates CFTC Over Staff Reductions and Decline in Enforcement Actions

The Government Accountability Office (GAO) has launched an investigation into the Commodity Futures Trading Commission (CFTC) following a request from Senator Elizabeth Warren. The probe focuses on significant staff reductions and an 80% decline in enforcement actions at the CFTC, particularly concerning burgeoning cryptocurrency and prediction markets, since President Trump's 2024 election.