Commodities Trading Commission News Today

we got a reminder that gas high are at a record. double what they were a little more than 1 1/2 years ago. and going still higher. i talked to a key oil analyst on fox business, which ifdown dont get you should demand because he had the bad news of imparting the fact that $5 gas is inevitable. for a dozen states in this country, indeed it is. $6 gas is the next stop after that. and then the best you could hope for is that that momentum slows. all of this happening the same day seven st...

That means selling assets, businesses or entirely restructuring. we are going to be looking out for different motions they are bringing to the floor to keep the day-to-day operations afloat. >> what about the senate hearing on ftx? what are they looking into? >> thats the first attempt by lawmakers to see what led to the sudden collapse of the worlds biggest crypto exchange, and the first witness is the chairman of the u.s. commodities trading commission, and he has been vocal about his experien...

Work for cryptocurrencies and block chain technologies. some regulated by the sec so its under the irs. i believe and so does senator loomis figure this is the best way forward so consumers will know that in the united states theres basic consumer protection and its a market worth investing many. >> neil: senator loomis, your colleague was talking about the commodities trading commission overseeing this and not the sec who has been a vocal critic of this whole investment rogue arena if you want ...

Anywhere else. to me thats just a ridiculous amendment. >> i think what were trying to point out is refute the republicans charges. theyre saying it creates jobs its good for our energy policies its all these things that its not. so i think the amendment process will point out the real weakness of this legislation. >> senator cardin good to have you with us tonight. thanks so much. >> thank you. let me bring in bart shelton, the former commissioner of the commodities trading commission and als...

We have gary ginsler and i like to liken him as the superman of the financial reform. and all were going to be left with at the cftc is like aqua man, gary ginsler is the savor of kittens, he came from wall street, but he has used that knowledge for good. >> i wrote a column in the -- this golden sack stooge, what the heck, hes retrade from wall street. the guy has been incredible, hes been the best regulator we have had. i was completely wrong.

Small donations to finance their campaign so theres a real gap here. and there is an open for republicans and some republicans are starting to take that seriously. you have people like david vitter who i disagree with vehemently on most issues, but he has worked with sherry brown on some very important pro reform things like raising capital requirements, which is basically saying that things cant operate on so much borrowed money. >> in the world of regulatory news, today was actually a big, imp...

Campaign so theres a real gap here. and there is an open for republicans and some republicans are starting to take that seriously. you have people like david vitter who i disagree with vehemently on most issues, but he has worked with sherry brown on some very important pro reform things like raising capital requirements, which is basically saying that things cant operate on so much borrowed money. >> in the world or regulatory news, today was actually a big important day, because the president ...

Impossible to deal with speculation in the oil industry. we have a rule pending as a result of the bill we passed that the commodity futures trading commission that would restrict the right of people who dont use oil, who dont burn it, who dont sell it to buy it up and hold it off the market. speculation. they have a bill that would kill that. they are trying it as you noted to undo the consumer protection agency. for years consumer protection for most of our history was run by the bank regulato...

Youve been in this game for a lot of years now. do you feel like wall street reform is really at risk? >> no. yes in one sense. the republicans because of the control of the house are trying to use the deficit, which is a serious problem when you think about the hundreds of billions we allow the military to spend unnecessarily. theyre claiming that one way to deal with the deficit is to cut off $100 million for the securities and exchange commission and $80 million for the commodities trading co...

Experienced hands. youve been in this game for a lot of years now. do you feel like wall street reform is really at risk? >> no. yes in one sense. the republicans because of the control of the house are trying to use the deficit, which is a serious problem when you think about the hundreds of billions we allow the military to spend unnecessarily. theyre claiming that one way to deal with the deficit is to cut off $100 million for the securities and exchange commission and $80 million for the com...