CFTC plans to add 100 employees to address prediction markets and crypto regulation

Odaily Planet Daily News The U.S. Commodity Futures Trading Commission has canceled its planned new headquarters relocation and extended its existing lease for five years to ensure sufficient space for 100 new employees. The CFTC recently offered a delayed resignation plan to about 50 employees, and the agency's total staff has decreased by nearly 25% compared to 2024.

According to a recent White House executive order, the CFTC has reclassified 25 positions that previously had civil service protections, including policy advisors and senior advisors. Additionally, due to the boom in prediction markets and the possibility of Congress passing digital asset market structure legislation that would establish the CFTC as the primary regulator for the crypto industry, the agency expects a significant increase in workload. (Bloomberg)