The CFTC rule adoption is a positive step for market liquidity and cross-border trading. It represents a further return to the CFTC's historical position of co-operation with non-U.S. regulators and recognition of non-U.S. regulatory schemes.

Each of the three Republican commissioners commented favorably on the rule amendments. Commissioner Hester M. Peirce noted that the rule change imposes regulatory costs that must be considered. Neither of the two Democratic commissioners commented, a somewhat notable omission given that the amendment would be one they would likely support.

The official video of "" from Clifford Harris Jr., better known in financial regulatory circles as "T.I."

: "People tend to hold overly favorable views of their abilities in many social and intellectual domains. . . .[T]his overestimation occurs, in part, because people who are unskilled in these domains suffer a dual burden: Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it." According to study, "Paradoxically, improving the skills of participants, and thus increasing their…