Regulations
By James Thorp
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Staff Objections Overridden, Approvals Pushed Through. The core of the New York Times investigation is pretty straightforward: CFTC staff raised…
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MoonPay and Gemini Titan in the Spotlight. Both MoonPay and Gemini Titan are now carrying some reputational weight from this story, even…
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The Bigger Problem With Regulatory Integrity. The "revolving door" criticism gets thrown around a lot, sometimes unfairly.
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Two former CFTC officials walked out of government and straight into jobs at crypto companies MoonPay and Gemini Titan. The New York Times broke the story, and it's not pretty.
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The investigation found that these two officials played a direct role in pushing through regulatory approvals for three cryptocurrency firms — all of them with ties to the Trump…
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The core of the New York Times investigation is pretty straightforward: CFTC staff raised reservations about approving these three crypto firms, and senior officials overrode them.
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The revolving door between financial regulators and the industries they oversee isn't new. It's been a fixture of Wall Street for decades, and crypto has been no different.
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The CFTC hasn't released any public statement about these career moves or about the specific decisions the officials made before leaving.
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Both MoonPay and Gemini Titan are now carrying some reputational weight from this story, even though neither firm has been accused of wrongdoing in the investigation itself.
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More context: Crypto Sector Cuts Over 5,000 Jobs in 2026 as AI Drives Layoffs at Block, Coinbase, and Gemini
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MoonPay has grown into one of the bigger crypto payment infrastructure players. Gemini Titan operates within the broader Gemini ecosystem.
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And the three crypto firms that received the disputed approvals? Still unclear which ones, exactly.
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The "revolving door" criticism gets thrown around a lot, sometimes unfairly. Regulators who move to industry roles bring real expertise, and companies benefit from people who…
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But when the sequence is — override your own staff's objections, approve firms with political ties, then take a job in that same industry — the optics collapse fast.
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See also: Winklevoss Twins Put $21M Bitcoin Behind Trump as US Debt Hits $39 Trillion
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