Comment Text:
The potential for offshore migration of financial activities due to the CFTC's proposed rule highlights the need for a more adaptable regulatory framework. By stifling responsible innovation, the CFTC risks ceding ground to international competitors who are willing to embrace new ideas. A proactive regulatory stance that encourages innovation will not only benefit the U.S. economy but also enhance the overall stability of financial markets. The CFTC must recognize the importance of balancing regulation with innovation.
