During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This will create unsustainable regulatory burdens on entrepreneurs.
The CFTC issued an extension of no-action relief with respect to the treatment of separate accounts by futures commission merchants FCMs, CFTC issued revised no-action letters regarding the financial industry's transition away from LIBOR and reporting requirements.
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The CFTC Division of Data, Division of Market Oversight and
Division of Clearing and Risk (collectively, the Divisions ) granted conditional no-action relief from
certain swap reporting and recordkeeping requirements for fully
collateralized binary options transactions executed by
KalshiEX LLC ( Kalshi ), a designated contract market,
and cleared by LedgerX, LLC ( LedgerX ), a derivatives
clearing organization. (A binary option is an option on
an event in which the purchaser of the option receives either a
fixed amount or zero, depending on whether the event occurs. It is