CFTC's Chicago Office Faces Layoffs as Crypto Focus Expands

CFTC's Chicago office has no enforcement attorneys left, reflecting a significant shift towards cryptocurrency and prediction markets. Monetary relief has dropped drastically.

A recent report has revealed that the Commodity Futures Trading Commission (CFTC) in Chicago has completely dissolved its enforcement attorney team. This drastic change comes as the agency shifts its focus towards cryptocurrency and prediction markets.

In an alarming trend, the agency's financial recovery efforts have seen a staggering decline, with monetary relief obtained by the CFTC plummeting by more than 99.9% over the past year.