The US CFTC cancels its headquarters relocation plan and intends to add 100 employees to address prediction market and crypto regulation.

CoinFeed reported on June 9th, citing Bloomberg, that the U.S. Commodity Futures Trading Commission (CFTC) has canceled its planned headquarters relocation and will extend its lease at its current location for another five years to allow for up to 100 new employees to address industry growth and regulatory needs. The CFTC is vying to become the primary regulator of prediction markets, and its workload is expected to increase further if the Clarity Act is passed, establishing its status as the primary regulator of the crypto industry. Meanwhile, the CFTC recently offered deferred resignation programs to approximately 50 employees and has already offered buyouts to some long-term employees. Data from the Federal Personnel Management Agency shows that the agency's staff has decreased by nearly 25% since 2024, leaving only 553 employees as of April. The CFTC's fiscal year 2027 budget request seeks to increase its total staff to 650.