Gary Gensler: “It's about helping producers, merchants, farmers, and commercial companies in your States to use these futures and…”

The SEC is very much implementing the priorities that I and my Democratic colleagues championed when we were in charge.

In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.

I really strongly believe in our constitutional system do it by the law, and how the courts interpret the law.

Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.