PANews reported on May 24 that, according to Cointelegraph, several senior officials at the U.S. Commodity Futures Trading Commission (CFTC) have been suspended, placed under internal investigation, and sidelined after questioning cryptocurrency and prediction market platforms with business ties to the Trump family. The platforms involved include Polymarket, Crypto.com, and a company affiliated with Gemini. Officials had previously pointed out that Polymarket lacked adequate fraud prevention mechanisms, and that Crypto.com and Gemini were unfair to small bettors and had failed to complete regulatory oversight.

The report states that then-CFTC Acting Chair Caroline Pham and her senior advisors interfered with the approval process, helping companies advance their approvals and business requests. By the end of 2025, two officials who raised concerns were suspended, and three crypto enforcement officials were disciplined without being given specific reasons. During the same period, the CFTC significantly scaled back its crypto enforcement efforts, dropping at least five investigations and shifting its focus to individuals rather than large institutions.

In addition, Caroline Pham joined MoonPay, a company that partners with Polymarket, after leaving her position, while her advisor became the general counsel for Gemini Titan. Crypto.com is a Trump media partner, and Polymarket received venture capital investment from Donald Trump Jr. Currently, the CFTC has only one commissioner on board, and the House Agriculture Committee has urged Trump to fill the vacancy.