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Commentary by Steven Lofchie

Ranking Member of the House Committee on Agriculture Glenn Thompson (R-PA) released a revised draft of the Digital Commodity Exchange Act, a bill "to bring certainty to developers, intermediaries, and customers in the digital asset marketplace by establishing clearly defined rules."

Commentary by Bob Zwirb

Senator Elizabeth Warren (D-MA), Senator Mark Warner (D-VA) and Representative Elijah E. Cummings (D-MD) requested that two systemically important derivative clearing organizations provide information regarding their respective recovery and resolution plans.

March 21, 2011 A proposal by the U.S. futures regulator to force clearinghouses to accept more members could inadvertently increase risk in the financial system, the body's British counterpart said on Monday. The CFTC proposed in December a measure that would prohibit clearinghouses from setting a minimum capital requirement above $50 million on those interested in becoming a member to clear swaps. In a rare comment letter to the CFTC, Britain's Financial Services Authority said those requirements may increase access, but "to impose them on clearing arrangements for products that have complex