CFTC Commissioner Caroline D. Pham urged the agency to establish an "Office of the Retail Advocate" to promote the CFTC's engagement with the retail public and oversight of retail markets.
The CFTC sanctioned a digital asset commodity trading platform for failing to register with the CFTC as either a DCM or an FCM and offering trading in CFTC-regulated products to retail investors.
The CFTC Division of Clearing and Risk granted Taiwan Futures Exchange's request for no-action relief from the requirement to register as a derivatives clearing organization.
CFTC Commissioner Christy Goldsmith Romero called for regulators to stop routinely accepting "neither-admit-nor-deny" settlements and proposed a Heightened Enforcement Accountability and Transparency test that would require firms to admit wrongdoing as a condition of settlements.
The U.S. Senate Committee on Agriculture, Nutrition, & Forestry considered testimony from key regulators and market participants on the bipartisan Digital Commodities Consumer Protection Act of 2022.