Comment Text:
The CFTC is the most corrupt regulatory agency out there. Not only was the Chairman of the CFTC involved with FTX's conspiracy to commit securities fraud, he accepted the largest donation from Sam Bankman-Fried. The CFTC has also apologized publicly for refusing to do their job for 15 years admitting they have been "kicking the can down the road" on financial firms reporting swap positions, and everyone knows why. It's no secret that a corrupt regulatory agency is covering up the issue to protect the market over investors. That being said, the CFTC should be barred of its regulatory authority. Proven negligent, the CFTC should expect multiple lawsuits in the near future. The CFTC is the problem, not the solution. All comments of mine will be the same for every new rule proposal submitted. The CFTC should not have the ability to propose new rules given involvement with knowingly committing fraud and harming investors.
