Trump: CFTC Must Retain Exclusive Authority Over Prediction Markets, U.S. Must Protect Crypto Industry

U.S. President Donald Trump said it is “critically important” that the CFTC retain exclusive authority over prediction markets and that the sector be allowed to thrive. He said that under his leadership, the U.S. is establishing the “rules of the road” for the industry, which he described as the “Gold Standard for the States.” Trump also said the crypto industry is a major industry and that the U.S. must protect its development.