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CFTC Chair Confirms CFTC's Planned Involvement in Policing the U.S. Carbon Markets
January 26, 2023On January 23, the Chairman of the Commodity Futures Trading Commission (“CFTC”), Rostin Behnam, announced in his keynote speech at the Commodity Markets Council’s annual conference that the CFTC “can play a role in voluntary carbon markets.” This is not the first time that the CFTC has publicly stated that it is considering its role vis-a-vis regulation of voluntary carbon markets (“VCMs”) or compliance carbon markets (“CCMs”), but it is the first time that the CFTC Chair has articulated a clear action plan for regulation. According to Chairman Behnam, carbon markets "must have integrity and adhere to basic market regulatory requirements."
