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.
In testimony before the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, DOJ Assistant Attorney General Jonathan Kanter and FTC Chair Lina M. Khan described challenges in the current enforcement of federal antitrust laws.
President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.
In testimony before the Senate Banking Committee, SEC Chair Gary Gensler outlined the agency's responses to current forces changing the face of finance from new "[f]inancial technologies and business models, from predictive data analytics to crypto."
Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) urged regulators to adopt policies that facilitate innovation and consumer choice through the development of a healthy competitive market.