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White House Xray @xray_media on x 5075 followers
Created: 2025-07-21 23:42:58 UTC
The Trump admin’s “streamlined” governance model: Nominate a conflicted crypto insider to oversee derivatives markets, then cancel his confirmation vote because a GOP senator missed his flight. Peak efficiency—unless you care about functional financial regulation.
Quintenz’s confirmation collapse exposes systemic rot: The CFTC faces total commissioner depletion by December 2025 while managing $500T+ derivatives markets & pending crypto oversight. Yet Trump’s team hasn’t nominated replacements, enabling FTX XXX lobbyists to exploit regulatory voids. Quintenz’s refusal to clarify enforcement plans for Kalshi’s illegal sports contracts—now battling lawsuits in X states—proves this isn’t oversight; it’s corporate capture disguised as governance.
A financial time bomb ticks louder each day the admin treats regulators like airport lounge no-shows.
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Related Topics rot financial regulation governance donald trump white house