CFTC's 'Top Cop' Legal Team Eliminated Amid Embrace of Crypto, Prediction Markets: Report

In brief

• The CFTC’s Chicago enforcement team—long seen as the agency’s “top cop”—has been fully wiped out.
• The office, which once employed 20 enforcement attorneys, now has zero, according to a Barron’s report.
• The massive reduction comes as the CFTC seeks to significantly expand its purview to include crypto and prediction markets.