CFTC Disbands Chicago Enforcement Office Amid Crypto Regulation Expansion

The Commodity Futures Trading Commission (CFTC) has completely disbanded its prominent Chicago enforcement office, reducing its enforcement attorneys from 20 to none. According to NS3.AI, this downsizing occurs as the agency rapidly expands its regulatory focus on the cryptocurrency and prediction market sectors. The significant reduction in enforcement actions and monetary relief has sparked concerns regarding the CFTC's ability to effectively oversee these complex markets.