Todd Blanche Confirmed: DOJ Independence Gone
78%. That is the probability I assign to a significant CFTC enforcement action being delayed, softened, or strategically deprioritized within eighteen months of Todd Blanche's confirmation as Attorney General. The confirmation vote was narrow — a rare defection signal from within the confirming party, which means the institutional discomfort is on the record even if it lost. Blanche defended a man who is now his principal. That is not an ethical abstraction. That is a structural conflict that runs directly into every DOJ-CFTC coordination mechanism that has governed federal financial enforcement since 2010. Prediction markets price political risk. This confirmation is political risk wearing a confirmation hearing as camouflage.
