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Lucas on the CFTC’s spot-market authority
“Since the CFTC was first established through the Commodity Futures Trading Commission Act of 1974, the Agency has been a principles-based regulator. This flexible, principles-based approach is foundational to the CFTC’s regulatory framework, which enables it to be an innovative and proactive regulator.
“With that said, the jurisdiction for spot-market authority deserves a robust conversation around what is best for investors, consumers, and even the agencies.”