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House Agriculture hearing marks CFTC's 50th anniversary; witnesses praise role, urge more resources
Summary
Lawmakers and a six‑person witness panel told the House Committee on Agriculture that the Commodity Futures Trading Commission has been critical to market stability over 50 years, but several witnesses and members urged increased funding and legislative updates for new markets such as digital assets.
WASHINGTON — The House Committee on Agriculture convened a two‑plus hour hearing titled “CFTC at 50” to review the Commodity Futures Trading Commission’s five decades of oversight, with members and witnesses broadly praising the agency’s role in price discovery and risk management while pressing lawmakers to give the agency more resources for new markets.
The hearing drew six witnesses whose careers span the commission’s history: Charlie Carey (Commodity Markets Council), Richard Sandor (Environmental Financial Products LLC), Dave Shriver (American Public Gas Association), Dionna Downe (Capital Counsel, LLC), Thomas Sexton (National Futures Association) and Christopher Giancarlo (former CFTC chairman). Committee Chair (opening statement) said the hearing would assess how the CFTC has met the purposes of the Commodity Exchange Act.
Why it matters: Witnesses told the committee that…
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