Considerably mockingly, Shapiro and Palley’s criticisms appear to line up with Maxine Waters (D-CA), the rating Democrat on the Home Monetary Providers Committee, who mentioned it was the one of many worst payments she’s ever seen. Along with probably stretching the sources of the CFTC, which solely has round 700 staff in comparison with the SEC’s 4,500, it could additionally undermine different legislative efforts – just like the stablecoin invoice Waters labored on alongside Home Monetary Providers Chair Patrick McHenry (R-NC).
