CFTC Chair Rostin Behnam considered trends in the U.S. Treasury market amidst levels of extreme volatility coupled with record trading volume on global platforms.
The CFTC updated two Orders to exempt three additional Singapore-based trading platforms and four additional EU-based trading platforms from having to register as swap execution facilities.
CFTC Commissioner Christy Goldsmith Romero said that because digital assets present similar financial stability risks compared to traditional assets, like policies that are applied to traditional finance should also apply to digital finance.
The CFTC Division of Market Oversight granted no-action relief to Korea Exchange, Inc. to permit the sale of futures contracts linked to the Korea Composite Stock Price Index during the period in which the index transitions from being "narrow-based" to "broad-based."
CFTC Commissioner Christy Goldsmith Romero decried the unchecked Wall Street's risk-taking that required Treasury bailouts in the past, and she highlighted the need for regulators to reduce "systemic or sub-systemic" risk.