Trump Vows “Future-Proof” Crypto Market Structure as White House Reviews CFTC’s Prediction Markets Rulemaking

Trump pledged to codify permanent crypto market structure as the White House OMB began reviewing the CFTC’s notice of proposed rulemaking on event contracts under the Commodity Exchange Act.

President Donald Trump posted on Truth Social Wednesday afternoon that his administration will codify a “future-proof” crypto market structure designed to be permanent, in his strongest statement yet on the long-term legal architecture of U.S. crypto regulation.

“Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters,” Trump wrote, blaming former SEC Chair Gary Gensler and what he called the “anti-crypto army” for driving bitcoin, crypto perpetuals, and innovation offshore. “The new Frontier of Finance is being Built in America, and ‘TRUMP’ will NEVER let Crypto down!”

This story is an excerpt from the Unchained Daily newsletter.

The post landed alongside a procedural step that gives the rhetoric concrete administrative weight. The Office of Management and Budget’s Office of Information and Regulatory Affairs began reviewing a CFTC notice of proposed rulemaking on event contracts under Section 5c(c) of the Commodity Exchange Act, Bloomberg first reported. A CFTC spokesperson confirmed the transmission to The Block, calling it part of the “standard interagency process.”

The notice itself remains confidential pending OIRA review, but it would become the agency’s first comprehensive federal rule set governing prediction markets, building on a March advance notice covering insider trading, prohibited contracts, and the architecture of prediction market oversight, aiming to address the more than 3,000 event-based contracts already self-certified.

Together, the two moves represent the most coordinated executive-branch push on crypto policy since the early days of the administration. This comes as the legislative effort also advances; the CLARITY Act cleared the Senate Banking Committee on May 14 in a bipartisan 15-9 vote, marking the most significant milestone yet for digital asset market structure legislation.

However, the political climate surrounding prediction markets remains highly charged. A New York Times investigation last week reported that career CFTC officials who raised concerns about Polymarket, Crypto.com, and other firms with business ties to the Trump family were pushed out of the agency. Senator Richard Blumenthal (D-CT) responded by calling the CFTC “a craven tool of prediction markets and shady crypto firms.”

Trump’s Truth Social post Tuesday separately defended the CFTC‘s exclusive authority over prediction markets and named state officials, including Tim Walz and Letitia James as “SCUM” for challenging federal jurisdiction.