Digital Asset Market Structure Markups
On July 26 and 27, the House Financial Services and Agriculture Committees held markups of H.R. 4763, The Financial Innovation and Technology for the 21st Century Act. The bill is designed to create a regulatory structure for digital asset markets that provides the CFTC with regulatory authority over digital asset commodities and the SEC regulatory …
Read MoreCFTC AAC Meeting
On July 19, the Commodity Futures Trading Commission (CFTC) Agricultural Advisory Committee (AAC) held a public meeting. In his opening remarks, Committee Sponsor Chairman Rostin Behnam said that we are seeing fewer points of access to futures commission merchants (FCMs) for agriculture hedgers, and they need every possible tool they …
Read MoreCFTC Voluntary Carbon Market Convening
On July 19, the Commodity Futures Trading Commission (CFTC) held its second voluntary carbon market (VCM) convening. In his opening remarks, CFTC Chairman Rostin Behnam said that the VCMs are at a critical point in their development and growth. He emphasized that the CFTC has an important policy responsibility to …
Read MoreSenate Appropriations Committee Hearing
On July 19, the Senate Appropriations Committee Subcommittee on Financial Services and General Government held a hearing entitled “A Review of the Fiscal Year 2024 Budget for the U.S. Securities and Exchange Commission.” The sole witness in the hearing was Securities and Exchange Commission (SEC) Chairman Gary Gensler. Below are some high-level …
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