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CFTC Commissioner Summer Mersinger on Overzealous Crypto Regulation and the Need for Legislative Action

It’s a very tough, difficult topic because there’s a lot of nuance. So these markets, which we call event contracts, are part of our statute that was added under the Dodd Frank Act. In the grand scheme of things, it’s relatively new, but we’ve seen interest in these contracts for quite some time and it’s certainly ramping up. The way Congress laid it out for us it said these contracts generally are OK, as long as they don’t touch on a number of topics, like gaming, war, terrorism, assassination – anything that’s against federal law. There are a number of people who really don’t like election contracts and would like to include them in this list.

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