Commodity Futures Trading Commission

Government Body

Federal regulator of derivatives markets. Under Acting Chair Caroline Pham, pursued pro-crypto policy initiatives.

crypto

Given

Received

Connections

Votes

Regulatory Capture Assessment

Regulatory capture occurs when a regulatory agency advances the interests of the industry it is meant to oversee. The indicators below track evidence of capture for this agency. According to the academic literature (Stigler 1971, Carpenter & Moss 2013), captured agencies exhibit declining enforcement, revolving door personnel pipelines, and rule-making that favors incumbents over public interest.

Industry connections

Enforcement actions

Revolving door

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Relationships

Type	Connected To	Details	Source
issued_rule	Retail Commodity Transactions Involving Certain Digital Assets	CFTC issued rule: Retail Commodity Transactions Involving Certain Digital Assets	Source
proposed_rule	Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions	CFTC proposed rule: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions	Source
proposed_rule	Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants	CFTC proposed rule: Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants	Source
proposed_rule	Protection of Clearing Member Funds Held by Derivatives Clearing Organizations	CFTC proposed rule: Protection of Clearing Member Funds Held by Derivatives Clearing Organizations	Source
proposed_rule	Real-Time Public Reporting Requirements and Swap Data Recordkeeping and Reporting Requirements	CFTC proposed rule: Real-Time Public Reporting Requirements and Swap Data Recordkeeping and Reporting Requirements	Source
proposed_rule	Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations	CFTC proposed rule: Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations	Source
issued_rule	Order: Conditional Substituted Compliance in Connection with Certain Capital and Financial Reporting Requirements Applicable to Nonbank Swap Dealers Subject to Regulation by the Financial Services Agency of Japan	CFTC issued rule: Order: Conditional Substituted Compliance in Connection with Certain Capital and Financial Reporting Requirements Applicable to Nonbank Swap Dealers Subject to Regulation by the Financial Services Age	Source
proposed_rule	Commodity Pool Operators, Commodity Trading Advisors, and Commodity Pools: Updating the 'Qualified Eligible Person' Definition; Adding Minimum Disclosure Requirements for Pools and Trading Programs; Permitting Monthly Account Statements for Funds of Funds; Technical Amendments	CFTC proposed rule: Commodity Pool Operators, Commodity Trading Advisors, and Commodity Pools: Updating the 'Qualified Eligible Person' Definition; Adding Minimum Disclosure Requirements for Pools and Trading Programs;	Source
proposed_rule	Risk Management Program Regulations for Swap Dealers, Major Swap Participants, and Futures Commission Merchants	CFTC proposed rule: Risk Management Program Regulations for Swap Dealers, Major Swap Participants, and Futures Commission Merchants	Source
proposed_rule	Reporting and Information Requirements for Derivatives Clearing Organizations	CFTC proposed rule: Reporting and Information Requirements for Derivatives Clearing Organizations	Source
proposed_rule	Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers	CFTC proposed rule: Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers	Source
proposed_rule	Proposed Order: Application for a Capital Comparability Determination From the Financial Services Agency of Japan	CFTC proposed rule: Proposed Order: Application for a Capital Comparability Determination From the Financial Services Agency of Japan	Source
issued_rule	Provisions Common to Registered Entities	CFTC issued rule: Provisions Common to Registered Entities	Source
proposed_rule	Provisions Common to Registered Entities	CFTC proposed rule: Provisions Common to Registered Entities	Source
oversees (target)	Senate Banking Committee	Senate Banking Committee has jurisdiction over the Commodity Futures Trading Commission
Employed by (target)	Caroline Pham	Caroline Pham serves as Acting CFTC Chair
oversees (target)	Senate Agriculture Committee	Senate Agriculture Committee has jurisdiction over the Commodity Futures Trading Commission
oversees (target)	House Financial Services Committee	House Financial Services Committee has jurisdiction over the Commodity Futures Trading Commission
oversees (target)	House Agriculture Committee	House Agriculture Committee has jurisdiction over the Commodity Futures Trading Commission