[Multiple CFTC Officials Who Questioned Prediction Market Platforms Suspended] BlockBeats News, May 24: Several senior officials from the U.S. Commodity Futures Trading Commission (CFTC) who had previously raised concerns about prediction market platforms have been suspended and ultimately forced to resign. Reports indicate that these officials had expressed regulatory concerns regarding Polymarket, ((Crypto.com)), and Gemini-affiliated companies, including whether ((Crypto.com)) treated small-scale users fairly; whether Polymarket had adequate anti-fraud mechanisms; and whether Gemini-affiliated companies had completed necessary regulatory approvals. According to insiders, then-acting CFTC Chair Caroline Pham and her senior advisor had intervened to assist these companies in advancing their approvals and business requests. The report also noted that CFTC enforcement against the crypto industry was significantly weakened during the Trump administration. Under the Biden administration, the CFTC has initiated over 80 crypto enforcement actions, compared to only 2 during the Trump era, both of which targeted individuals rather than large institutions. Additionally, Caroline Pham has since left the CFTC and joined MoonPay, a company with ties to Polymarket; her former senior advisor, Brigitte Weyls, has joined Gemini Titan as General Counsel. The White House responded, stating: 'President Trump has always prioritized the interests of the American public, and there is no conflict of interest.' [Original Link]