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