CFTC Commissioner Kristin N. Johnson expressed discomfort with the notion that investors could interact directly with other investors on an exchange without going through the intermediation of a futures commission merchant.
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SEC Commissioner Mark T. Uyeda touted the benefits of new technologies for markets, investors and regulators. He argued that "[j]ust because something is new does not mean that regulators should fear it and preclude financial institutions from utilizing it."
The CFTC settled enforcement actions against three developers of decentralized finance or "DeFi" protocols.
The CFTC set a comment deadline of November 6, 2023 on proposed amendments to rule filing requirements for various types of registered entities, including designated contract markets, derivatives clearing organizations, swap execution facilities and swap data repositories. The proposal was published in the Federal Register.
FIA offered recommendations on CFTC-proposed amendments to large trader position requirements to address outstanding issues and "promote the transparency and quality of data."