On the recordMarch 8, 2023
The CFTC is vital to our agriculture stakeholders who have used derivative markets for price discovery and risk management for over 150 years.
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congress.govThe CFTC is vital to our agriculture stakeholders who have used derivative markets for price discovery and risk management for over 150 years.
Emphasizing the importance of CFTC for agriculture and risk management.
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The two agencies have a long history of working well together, and I will focus on the word 'well.'
The CFTC's principle-based approach has proven to effectively protect consumers in the derivatives market.
As policymakers we must also protect innovation and provide regulatory certainty businesses need to maintain their operations in the United States.
We are in a situation where we have a lot of important hearings here, but I don't know that we are going to have any more important than the topic that we are discussing today.