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Chairman David Scott Releases Statement Following Hearing on FTX Proposal and Trends in New Clearinghouse Models

WASHINGTON - House Agriculture Chairman David Scott delivered the following statement after today's hearing titled “Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models”:

“As I have said many times before, I have a tremendous love and admiration for our great financial system, and today’s hearing and discussion will contribute to ensuring that our system remains strong,” said Chairman David Scott. “Innovation is a good thing, and we must make sure that important customer and market protections are preserved as new technologies and products emerge.”

Chairman David Scott added, “Innovations that hold the potential to alter the future of our market structures must be carefully considered, and that is what today’s hearing was all about.”

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