PANews
PANews|Jun 03, 2026 00:35
[U.S. CFTC Restructures Workforce to Address Crypto Regulation, Plans to Hire Up to 100 New Staff This Year] According to Politico, the U.S. Commodity Futures Trading Commission (CFTC) has offered buyout and early retirement packages to some employees. This comes as Congress considers granting the CFTC new authority over the cryptocurrency market. Late last week, the agency informed certain employees that they could express their interest in participating by midnight on Tuesday. According to an email, employees who opt in could begin administrative leave as early as July 1 and enjoy full pay and benefits until their official departure date of December 31. A source familiar with the matter stated that this move follows an extensive review of the agency's workforce by CFTC Chairman Michael Selig. The CFTC is seeking to restructure its personnel as it takes on regulatory responsibilities for new financial products such as prediction markets and cryptocurrencies. The source added that the CFTC expects to hire up to 100 new staff members by the end of the year.
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