President Donald Trump backed the Commodity Futures Trading Commission’s exclusive authority over prediction markets on Tuesday, while also declaring the U.S. as the world’s Bitcoin (CRYPTO: BTC) capital.
Trump Says States Must Follow ‘Rules Of The Road’
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Trump said via his Truth Social that prediction platforms will “thrive” under the CFTC’s exclusive jurisdiction and that states should be prohibited from creating separate rules for this industry.
“Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” Trump said. “Other Countries are after this new form of Financial Market, and we want to remain at the top.”
