I think it is important in the statutory language you pass here, if successful, that there be some recognition explicit authority for the Commodity Futures Trading Commission to register some foreign boards of trade.
Gensler emphasizes the need for explicit authority in legislation for regulating foreign trade boards.
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If I can say, breaking the law and not liking the law are different than lack of clarity.
I do share your concerns that this is a field that is rife with fraud and manipulation and scams.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
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