I should have said "the derivatives in question" instead of simply "derivatives".
My point stands: OP claimed that most trading volume happens in securities and it simply does not. I highly doubt securities amount to more than the $20 quadrillion settled in the CFTC's realm last week.
I'm not claiming the jurisdictions of the CFTC and SEC are mutually exclusive. My point stands.
"The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps."
Also from their official website: 20 quadrillion per week in settled trades. Too lazy to look up the equities numbers, but I would bet everything I own it's lower.
Also from the CFTC's website:
"Bitcoin is considered a commodity and is the underlying asset in bitcoin futures contracts… Bitcoin futures contracts — like other commodity futures contracts such as corn futures, market index futures, or gold futures — are regulated by the CFTC and must trade on CFTC-regulated exchanges."
Why not? It is highly litigated and still abundantly unclear whether certain cryptocurrencies are securities or commodities. That's the whole point of these legal battles. If it was clear, they would not be ongoing.
The vast majority of arbitrage of fungible assets happens in commodities, not securities. The SEC regulates securities. The CFTC regulates commodities.
That's theatrics. Everyone on Wall Street and Main Street knows the true cost of living — housing, gas, and grocery prices — has increased dramatically more than any Fed-anointed number with the word "inflation" near it.
You can do extremely complicated things on chain that require manual human analysis to figure out how to report it. You can do this thousands of times per year. It adds up to a huge amount of work.
"Lead poisoning kills millions annually. One country is showing the way forward."
Extremely ironic and deceptive title, considering Bangladesh was also one of the only countries who's created a culture completely fine with defrauding and poisoning its own people.
Not weighing cultures against one another. It's just dumb to praise a country for fixing a problem when said country is the sole creator of it. It is the bare minimum not to poison people. We don't need to be giving pats on the back for adhering to the bare minimum.
Without commenting on how likely it is the hypothesis is true, the lead-crime hypothesis has always been academic handwaving to make a different, political point.
My point stands: OP claimed that most trading volume happens in securities and it simply does not. I highly doubt securities amount to more than the $20 quadrillion settled in the CFTC's realm last week.
I'm not claiming the jurisdictions of the CFTC and SEC are mutually exclusive. My point stands.