Sen. Warren Demands CFTC Records on Staff Exits, CLARITY Act Communications

Sen. Elizabeth Warren sent a letter to CFTC Chair Michael Selig on Friday requesting agency records related to staff departures, internal communications on the CLARITY Act, and contacts with prediction market firms. Warren argues that the CFTC, which has seen its workforce shrink by approximately 25% and experienced a decline in enforcement activity since early 2025, is ill-equipped to take on expanded crypto market oversight responsibilities.

The records request centers on whether industry influence or political pressure has affected recent CFTC decisions, including the agency's handling of cases involving Gemini, Polymarket, and Crypto.com. Warren framed the situation as a regulatory risk, stating that a weakened CFTC with fewer staff and reduced enforcement capacity cannot effectively police an expanded digital asset and prediction market mandate.