Somewhat ironically, Shapiro and Palley’s criticisms seem to line up with Maxine Waters (D-CA), the ranking Democrat on the House Financial Services Committee, who said it was the one of the worst bills she’s ever seen. In addition to potentially stretching the resources of the CFTC, which only has around 700 employees compared to the SEC’s 4,500, it may also undermine other legislative efforts – like the stablecoin bill Waters worked on alongside House Financial Services Chair Patrick McHenry (R-NC).
Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB
Grand Cayman, Cayman Islands, July 26th, 2024, Chainwire Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered...