Ex-CFTC Chief Pham: Agency’s Reach Covers Nearly All Commodities, Save Onions and Films
Photo: TheCoinrise
Caroline Pham says the Commodity Futures Trading Commission's jurisdiction is broader than most realize, with a few historical carve-outs. Caroline Pham, who served as Acting Chair of the Commodity Futures Trading Commission, says the agency's regulatory authority is far broader than many assume. According to reporting from The Block and CryptoBriefing, Pham said the CFTC can oversee nearly all commodities, with two notable exceptions: onions and box office receipts. The remark, while pointed with humor, highlights a serious feature of U.S. commodities law. Congress has at times carved out specific markets from CFTC oversight, usually after political or economic controversy.
Source: TheCoinrise
