CFTC Chairman Michael Selig vows to continue financial rulemaking despite vacancies
Representative Jim McGovern accused the administration of using public power for private profit regarding prediction markets.
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tl;dr
CFTC Chairman Michael Selig told the House Agriculture Committee he will continue rulemaking despite being the sole commissioner. Democrats raised concerns about the lack of a bipartisan quorum and potential conflicts of interest regarding prediction markets.
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JMJim McGovernD-Massachusetts-2
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