Elizabeth Warren Criticizes Trump for Weakening Cryptocurrency Regulation
Elizabeth Warren Says Trump 'Gutting' Regulator To 'Enrich' Family And Friends: 'Need Crypto Legislation That Stops This Corruption'

Image: Benzinga
Senator Elizabeth Warren has accused President Donald Trump of undermining the Commodity Futures Trading Commission (CFTC) to benefit businesses linked to his family. She calls for new cryptocurrency legislation to prevent corruption and protect consumers from scams.
- 01Warren claims Trump is 'gutting' the CFTC to enrich his family and friends involved in cryptocurrency.
- 02She has been critical of Trump-associated cryptocurrency ventures, including Official Trump and World Liberty Financial.
- 03Warren's comments follow a New York Times report alleging that CFTC staff concerned about fraud were purged.
- 04Trump recently praised CFTC Chair Mike Selig and endorsed the agency's authority over prediction markets.
- 05Warren emphasizes the need for legislation that addresses conflicts of interest in cryptocurrency regulation.
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Senator Elizabeth Warren (D-Mass.) has publicly criticized President Donald Trump for allegedly weakening the Commodity Futures Trading Commission (CFTC) to benefit firms associated with his family. In a post on X, Warren stated that Trump is 'gutting' the agency, allowing his family and friends to profit at the expense of consumer protection. She has been a vocal opponent of Trump-linked cryptocurrency businesses, including the Official Trump and World Liberty Financial platforms, arguing that existing cryptocurrency legislation fails to address the conflicts of interest posed by Trump's involvement in the sector. Warren's accusations were fueled by a New York Times report, which suggested that senior CFTC staff who raised concerns about fraud and fairness were removed from their positions. The report also indicated that current CFTC Chair Mike Selig and former acting Chair Caroline D. Pham intervened to favor these firms. Meanwhile, Trump has expressed strong support for Selig and the CFTC's authority over prediction markets, claiming that his administration is establishing a 'gold standard' for regulation. Warren insists that new legislation is necessary to combat corruption and protect American consumers from scams.
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Warren's call for stronger cryptocurrency legislation aims to protect consumers from potential scams and fraud linked to Trump-associated businesses.
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More about Commodity Futures Trading Commission
Trump Advocates for U.S. Leadership in Cryptocurrency Amid Regulatory Disputes
The Economic Times • May 28, 2026

Trump Advocates for CFTC Control Over Prediction Markets, Declares U.S. as Crypto Capital
Benzinga • May 27, 2026

Trump Critiques State Regulations on Prediction Markets, Advocates for Federal Control
The Guardian • May 27, 2026
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