CFTC Commissioner Summer K. Mersinger described current regulatory challenges in the energy and power markets, emphasizing the difficulty that regulators face in dealing with new technology under rules and regulations adopted before these advances are made.
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CFTC Chair Rostin Behnam described the agency's ongoing regulatory and enforcement efforts "to address the expanding dislocation between regulation and innovation."
CFTC Commissioner Christy Goldsmith Romero re-proposed establishing a National Financial Fraud Registry and urged state regulators to make greater use of technology.
CFTC Chair Rostin Behnam requested an annual budget of $411 million for fiscal year 2024 to support enforcement, market oversight, clearing and risk and to expand the agency's ability to collect and analyze market and industry data.
CFTC Chair Rostin Behnam described the challenges associated with developing rules to govern trading on electronic platforms, given the technological innovations that have created a "growing divergence" between CFTC rules and the marketplace.