Political Quotes

“It is a good thing I represent Punxsutawney, Pennsylvania, because it feels like Groundhog Day all over again. I don't see the point of defunding the police further than what the underlying bill has done to police. It really provides safeguards for those who are involved in the derivative market, those small businesses, those farmers, those Americans. As I have mentioned before, the CFTC is one of our two financial market regulators. They are the police within this area, acting as a cop on the beat for the commodity derivatives market. The Commission's work is essential to ensure that commodity markets are fair for all participants, from the largest financial institutions to the smallest businesses. Robust, fair, well-policed derivative markets allow for accurate risk control and price discovery for essential economic inputs like agricultural and energy products. Domestic derivative markets enable the United States producers and consumers of commodities to effectively manage their risk, making American businesses more competitive around the world. Now, this Commission's work is also essential to protecting the public from financial frauds and scams, including those targeting the elderly, immigrants, and Americans seeking to participate in the digital asset markets, which, quite frankly, is an increasing number given the state of digital assets in the derivatives market. The CFTC is already one of the most cost-effective financial regulators we have.…”