Mike Crapo actually said...

"While the Dodd-Frank Act missed a great opportunity, in my opinion, to merge the SEC and Commodity Futures Trading Commission and stop the bifurcation of futures and securities markets--we lost that o..."

"We should not then be surprised when the two agencies propose inconsistent approaches to the same rule sets."

"While I applaud the SEC for taking a more flexible approach relative to CFTC, both agencies need to make their rules more accommodative of the different types of SEFs to provide maximum choice in trad..."

"it seems to me like we are raising the cost of capital and reducing the availability of capital for very little benefit."