NEWS: Rostin Behnam was sworn in as the CFTC’s 15th Chairman on January 4, 2022 after being unanimously confirmed by the U.S. Senate. President Biden nominated Chairman Behnam to lead the agency. go.usa.gov/xtCVB
Today @CFTC announced a $12.7 billion judgement against the fraud of FTX and Alameda. All $$ will be dedicated to victims in restitution and disgorgement. A 🧵:
HAPPENING NOW: Chairman Rostin Behnam is testifying before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry at a legislative hearing to review S.4760, the Digital Commodities Consumer Protection Act. Read his remarks as prepared: cftc.gov/PressRoom/SpeechesT…
I will be at @nyulaw on Wednesday for a discussion on digital asset regulation with former @SECGov commissioners Professor Rob Jackson and Allison Herren Lee.
Today, I announced my departure from @CFTC. After more than seven years at the U.S. Commodity Futures Trading Commission, I will be stepping down from my position as Chairman on January 20th. My final day at the Commission will be Friday, February 7th. A 🧵
I congratulate the four new commissioners @cftc. Looking forward to working with these accomplished professionals. My statement: cftc.gov/PressRoom/SpeechesT…
Congratulations to my new colleague, Caroline D. Pham, who was officially sworn in today as a @CFTC commissioner. The Commission is back at full strength. I look forward to working with this accomplished group of commissioners.
I just submitted my letter of resignation as Chairman of the @CFTC to President Trump. It has been an honor to serve our country and the CFTC under President Biden.
Today, @cftc extends the public comment period by 30 days on the FTX request for an amended DCO registration order. Let us hear from you. cftc.gov/PressRoom/PressRele…
“Thank you @POTUS for the opportunity to serve as acting chairman of @cftc. And thank you to my fellow commissioners for their trust and support to lead this extraordinary agency. cftc.gov/PressRoom/PressRele…
I'm looking forward to participating a conversation about regulating digital assets at City Week 2022 at Guild Hall tomorrow in London at 1.30. Hope to see you there.
I am pleased to testify today at the US Senate Agriculture, Nutrition and Forestry Committee hearing Examining Digital Assets: Risks, Regulation and Innovation. My statement will be posted @cftc and you can watch the hearing live here: agriculture.senate.gov/heari…
How can governments effectively regulate new kinds of digital assets, like crypto? Join @Wharton's @FinanceHammer and @CFTCbehnam for our first World Today of 2022-23 to learn more about this critical financial policy issue: eventbrite.com/e/40236785207…
NEWS: The International Organization of Securities Commissions (IOSCO) announced the immediate appointment of @CFTCbehnam as IOSCO Board Vice Chair for the 2022-2024 term. Get the latest: cftc.gov/PressRoom/PressRele…
I look forward to speaking about the regulation of crypto assets at the Washington Post Live event on Wednesday, June 8 at 9:00 a.m. Eastern. Join me: ow.ly/g64P50Jryu2
Congratulations to former @cftc Chair Gary Gensler on his Senate confirmation to be the next @SEC_News Chair. Look forward to continuing to strengthen our agencies’ relationship. #Baltimore
Thank you to the dedicated members of the @cftc MRAC #climate risk subcommittee. I am confident this landmark report will prove invaluable for policymakers, regulators, and stakeholders as we build a climate-resilient financial system. cftc.gov/PressRoom/PressRele…
Markets thrive on competition, and non-competitive behavior in the market is wrong, illegal and will be aggressively pursued. There is no place in the markets for people who participate in or benefit from the misappropriation of confidential information. cftc.gov/PressRoom/PressRele…
Tune in today to watch @CFTC open meeting today to consider a proposed rule on governance requirements for DCOs and proposed order on capital comparability for Japan. Live stream at 9.30 Eastern at cftc.gov
This is a special weekend for my family. As the daughter of refugees, this means so much to me. Keep on persisting even when you think you can’t anymore. Keep on dreaming, and keep on hoping ✨ Thank you NCVAA!
We are committed to holding wrongdoers accountable for their illegal actions. With our partners @TheJusticeDept and @USTreasury we will work diligently to punish companies and individuals who defraud Americans and serve as platforms for terrorist and illicit finance.
Big day in Billings, MT. Thanks to @ChamberBillings, @MFUfarmers@uscattlemen for hosting great breakfast with producers, a ranch tour, and lunch at PAYS with ranchers from across MT. More work to improve risk management tools for America’s farmers and ranchers.
Thank you @SenSherrodBrown and @SenBrianSchatz for your support. We had a very productive meeting @cftc today on the threat of climate change to our economy and financial markets. Look forward to working with both of you.
As the year comes to an end, I want to recognize and thank all of the @CFTC career officials for their incredible work. Special recognition for the agency’s Enforcement Division professionals who, with the support of @CFTC staff and
I look forward to speaking at the Financial Markets Quality Conference at Georgetown University's McDonough’s Psaros Center for Financial Markets and Policy on October 14.
It was a pleasure to welcome @ESMAComms Vice Chair Erik Thedéen to the @CFTC for a discussion on major issues facing our respective regulatory oversight and markets.
Saddened to hear of the passing of one of the first CFTC commissioners, John V. Rainbolt. He helped craft the legislation that created the @CFTC, and as a commissioner helped to define it's mission. It's a pleasure and a responsibility to carry on his mission.
Today marks the end of LIBOR, which should not go unnoticed. @CFTC played a major role in in how the global regulatory community came together to eliminate a rate that had little oversight and was subject to manipulation. A short thread:
Excited to kick off this important first step of seeking nominations and convening a diverse group of experts to examine and report on climate change related financial market risk! cftc.gov/PressRoom/PressRele…
Back in DC after first listening tour as @CFTC Commissioner. Can't have a strong economy or middle class w/o the people and places I visited. Underscores importance of sound financial + market protections. Final stop was @CFTC in KC - thx to dedicated staff across the country.
Convened the @CFTC Market Risk Advisory Committee today. Discussed a range of critical market risk issues including announcement of LIBOR reform subcommittee; clearinghouse risk and governance; and vendor risk management. Lot of work to do in 2019! cftc.gov/PressRoom/SpeechesT…
After more than seven years, today is my last day @CFTC. Big thanks to all the amazing @CFTC professionals who work tirelessly to protect investors, financial markets, and our great American economy. 1/2
ISDA and @SIFMA AMG are delighted to welcome @CFTC commissioner Rostin Behnam @CFTCbehnam as our first keynote speaker at the Benchmark Strategies Forum in NY @ISDAConferences
I will be giving remarks today with Attorney General Garland, Treasury Secretary Yellen and DAG Monaco announcing major crypto currency enforcement actions today at 3:00 p.m. EST. The event will be livestreamed at justice.gov/live.
Mike Gill was a dedicated public servant, friend, and devoted husband and father. The @CFTC mourns the loss of our friend and colleague. We wish the best for his family during this difficult time. Our statement:
Thanks to all the MRAC members for updates today @CFTC on their important work regarding climate related financial market risk, CCPs, market structure, and LIBOR transition. cftc.gov/PressRoom/SpeechesT…
Today I spoke to the American Bar Association Derivatives and Futures Law meeting on diversity at the CFTC and the industry and our upcoming agenda. Read the text of my remarks here: cftc.gov/PressRoom/SpeechesT…
The first week of May is set aside to celebrate Public Service Recognition Week, a time to honor the individuals who serve our nation in all levels of government. The CFTC salutes all public service employees and thanks you for your stalwart efforts. go.usa.gov/xudZD#PSRW
Wrapped up a great week across the northwest in @Ellensburg_WA. Thank you to @RepKimSchrier for convening local producers, experts and @WSDAgov at Windy N Ranch to discuss the diversity of WA agricultural, and the risks producers are facing in today’s market
Thanks to @FIAconnect for hosting another great #FIABoca. Really enjoyed participating on a great panel discussion about the impact of ESG investing on listed derivatives, and what positive role @CFTC and I can play to develop critically important issues to our global industry.
Today, I am proud to welcome veteran prosecutor Ian McGinley as the new @CFTC Enforcement Director. He will supplement the dedicated and talented career enforcement professionals who work tirelessly to protect the markets and hold wrongdoers accountable. cftc.gov/PressRoom/PressRele…
Great piece from @pattersonscott in the @WSJ about Bob Litterman and the decades of expertise he brings as Chairman of the @CFTC Climate Risk Subcommittee
Tune in to see @CFTC DMO Director Vince McGonagle testify on the regulation of digital assets before a House Committee on Agriculture subcommittee. agriculture.house.gov/calend….
Thank you to members of @EP_Economics and @EPWashingtonDC for coming to the @CFTC to discuss important cross-border topics facing the American and European markets.
I will be offering testimony next Wednesday at the Senate Committee on Agriculture, Nutrition & Forestry on digital asset commodities. Watch and follow here: agriculture.senate.gov/
Thanks to @WaltFIA and @FIAconnect for the opportunity to speak at the annual Law & Compliance conference this morning. 40th anniversary of this great conference discussing important legal and compliance issues facing derivatives industry. cftc.gov/PressRoom/SpeechesT…
Today, @CFTC will hold an open meeting to consider proposed rules on cyber resilience and member funds and to consider Bitnomial’s application. Watch live at CFTC.gov.
Congratulations @cftcmersinger on your nomination. I look forward to building on our strong relationship. The Commission benefits greatly from your experience and commitment to strong and fair markets. whitehouse.gov/briefing-room…
As sponsor of the MRAC, I am looking forward to leading an engaging discussion on self-certification of new products like bitcoin futures with our members and guests. cftc.gov/PressRoom/PressRele…
I will be attending the @IOSCOPress annual meeting this week. I look forward to continued collaboration between regulators as we tackle major issues to protect consumers and keep markets safe, competitive and transparent.
I look forward to testifying next week in front of the House Agriculture Committee to discuss the CFTC's agenda, enforcement program and challenges facing the agency. My testimony will be posted on the committee's website and @CFTC.
EVENT: @CFTCbehnam will join N.J. Congressman Josh Gottheimer and bring together financial services leaders to discuss the future of fintech, crypto, stablecoin and investor protection. Get the details: cftc.gov/PressRoom/Events/op…
Today, @CFTC issued an important alert asking the public to identify and report potential Commodity Exchange Act (CEA) violations connected to fraud or manipulation in the carbon markets. whistleblower.gov/sites/whis…
Today, @CFTC removes the requirement to clear interest rate swaps referencing LIBOR and certain other interbank offered rates and replaces them with requirements to clear interest rate swaps referencing overnight, nearly risk-free reference rates. More at cftc.gov
Looking forward to participating in Monday’s important discussion about #climate risk with Bob Litterman, @MindyLubber and @veenaramani15. Thank you @CeresNews
Join @CFTC’s Rostin Behnam + Bob Litterman and Ceres’ @MindyLubber + @veenaramani15 to dig into a groundbreaking new report that recommends financial regulators incorporate climate-related risk into their mandates: register.gotowebinar.com/reg…
Happening now: @CFTC Agriculture Advisory Committee meeting. I’m committed to making sure the futures market works for the Ag economy. Tune in now at CFTC.gov.
7/In the absence of digital asset legislation to fill regulatory gaps, entities will continue to operate in the shadows without these basic tools of sound regulation, sharpening their deceptive practices and continuing to dupe customers. /end
Great to kick off day 1 of a 5 day trip by visiting upstate NY with @dfamilk, @FarmerCoop and @GrtLakesCheese discussing the importance of @CFTC regulated markets to manage risk for agricultural commodities and to help the overall agriculture economy.