Trump Backs CFTC Control Over Prediction Markets 

• Trump declared that CFTC must maintain exclusive authority over prediction markets.
• CFTC Chairman Selig filed an amicus brief defending federal jurisdiction amid a state-led litigation wave.
• Trump warned that rival nations are actively trying to replace America as the global crypto capital.

President Donald Trump posted on Truth Social about two major issues simultaneously: who controls prediction markets and who leads the world in crypto.

“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained,” Trump wrote, before turning his attention to crypto. “Where we are currently the Crypto Capital of the World, other countries are trying diligently to replace us in that capacity, but we won’t let that happen.”

He praised CFTC Chairman Mike Selig. “Mike Selig, CFTC Chairman, and respected by all, is doing a great job. Thank …

Read The Full Article Trump Backs CFTC Control Over Prediction Markets  On Coin Edition.