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Witnesses and lawmakers press for durable CFTC funding as agency takes on new markets
Summary
Multiple witnesses and members told the House Agriculture Committee that while the CFTC has succeeded at oversight, its budget and staffing lag the size and complexity of the markets it regulates, and they urged reauthorization or other measures for reliable funding.
WASHINGTON — Lawmakers and witnesses at a House Agriculture hearing on the Commodity Futures Trading Commission’s 50th anniversary urged Congress to provide the agency with more predictable funding as it takes on broader responsibilities.
Why it matters: Witnesses said the CFTC’s jurisdiction has expanded since its founding to include swaps, a broader role in clearing houses and, increasingly, digital assets. Several members warned that ad‑hoc or temporary funding…
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