Elizabeth Warren asks CFTC chair Michael Selig for crypto oversight records by June 18

Sen. Elizabeth Warren said she sent a letter on Monday to CFTC Chair Michael Selig seeking internal records on the agency's oversight of crypto and prediction markets, with a response deadline of June 18. She pointed to a roughly 25% staff reduction since January 2025 and a decline in enforcement actions from 58 in fiscal year 2024 to 11 since Donald Trump took office, arguing the agency may be overstretched as Congress weighs the Clarity Act.