A New York Times investigation alleges the Commodity Futures Trading Commission removed or sidelined staff members who raised objections to regulatory approvals granted to three crypto firms with ties to Donald Trump. According to the report, two senior officials who intervened to push those approvals through — overriding internal staff concerns — subsequently took private-sector roles at MoonPay and Gemini Titan. The allegations raise conflict-of-interest questions about the revolving door between regulators and the crypto industry, and whether political influence shaped enforcement and licensing decisions at the CFTC. The report adds to broader scrutiny of how crypto-friendly regulatory shifts under the Trump administration may have benefited firms with political connections, potentially at the expense of independent oversight processes.
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