The US industry faces regulatory uncertainty under the Trump administration
The US House of Representatives passed a
bill on Thursday limiting the US derivatives
regulator’s powers to oversee the swaps market,
set position limits and access algorithmic source code.
HR 238 re-authorises the US Commodity
Futures Trading Commission (CFTC) to oversee the derivatives
market until 2021. A similar bill is passed with every new
congress and this incarnation contains some limitations on the
regulatory powers of the CFTC.
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