Washington, DC – Today, Congressman Frank Lucas (OK-03) joined his colleagues on the House Financial Services’ Digital Assets, Financial Technology, and Inclusion Subcommittee for a hearing on “Coincidence or Coordinated? The Administration’s Attack on the Digital Asset Ecosystem.”
Lucas questioned witnesses on the SEC’s regulation by enforcement approach to digital assets and on legislative proposals that grant the CFTC spot market authority for crypto.
“Since the CFTC was first established through the Commodity Futures Trading Commission Act of 1974, the Agency has been a principles-based regulator. This flexible, principles-based approach is foundational to the CFTC’s regulatory framework, which enables it to be an innovative and proactive regulator.
“With that said, the jurisdiction for spot-market authority deserves a robust conversation around what is best for investors, consumers, and even the agencies.”
Lucas: USDA fails to deliver support to Oklahoma farmers.
Washington, DC – At today’s House Agriculture Committee hearing, Congressman Lucas questioned Secretary of Agriculture Tom Vilsack over the Biden Administration’s failed Emergency Relief Program (ERP). Congressman Lucas noted that producers in Oklahoma were feeling the negative affects of the ERP 2022 program. Secretary Vilsack questioned this claim, prompting Congressman Lucas to defend his constituents. Click here or […]
Washington, DC – Today, Congressman Lucas followed up with Secretary Yellen on whether Treasury has discussed the impact of the Basel Endgame proposal with the Federal Reserve. When asked a straightforward question on the detrimental impact of the proposal, Secretary Yellen had no answer. February 6, 2024 Lucas: “Are you concerned that the proposal will undermine the […]
Yukon, OK – Congressman Frank Lucas (OK-03) will hold town hall meetings in Caddo, Kiowa, Jackson, and Roger Mills Counties this week. Residents around the locations are invited to attend and share their thoughts on current events in Washington, D.C. and across Oklahoma. The following town hall meetings were originally scheduled for last fall, but were […]