Gary Gensler: “Congress said that those transactions that are cleared and made available for trading would be brought to swap execution…”

The Commission has already approved the (crosstalk)....

If I can say, breaking the law and not liking the law are different than lack of clarity.

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.

it will be hard for us to oversee the markets