U.S. Senator Elizabeth Warren pressed the CFTC over whether it can effectively police fast-growing crypto and prediction markets. Her letter cited staffing cuts, declining enforcement, and potential industry and political influence as risks to investors. U.S. Senator Elizabeth Warren on June 8 announced an inquiry into whether the Commodity Futures Trading Commission (CFTC) can effectively regulate cryptocurrency and prediction markets. In a letter to CFTC Chairman Michael Selig dated June 5, she cited staffing cuts, declining enforcement, political pressure, and reports of industry influence as risks to investor protection and market integrity.