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Debra Stark: “CFTC doesn't even have an examination, audit or inspection…”

Featuring: Debra Stark, Democrat | Phoenix City Council, District 3 | Arizona

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Durbin Sounds Alarm On President Trump's Crypto Cash Grab

Published | Video Starts at 01:27

Would you like to say what that is? Absolutely. When it comes to the sec, they're funded by Congress itself. They don't collect their monies. As far as the CFTC goes, it's different. CFTC doesn't even have an examination, audit or inspection function. They've got three regional offices. The FCC has, I think, 12 or 13. So this transferring the authority to supervise and regulate to a much smaller agency with an annual … (01:27–01:34)

CLAIM

Asserts that the CFTC lacks an examination, audit, or inspection function.

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