WASHINGTON, D.C. — Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the filing of an amicus brief in support of the SEC’s approval of a new pro-investor trading platform for options, in Citadel Securities LLC v. SEC, No. 25-13631 (11th Cir.): “Every day in the securities markets, investors get swindled by […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability for Better Markets, released the following statement on the filing of a comment letter to the Federal Reserve regarding proposed special purpose “payment accounts”: “Banks offer a tremendous benefit to our economy, but crypto companies have no economic benefit or legitimate purpose. They are […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with CFTC Chair Mike Selig’s decision to withdraw the CFTC’s 2024 proposed event contracts rulemaking and the staff’s 2025 advisory about state regulatory actions regarding sports-related event contracts: “Despite the risks prediction markets pose, CFTC Chair Selig seems determined […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet entitled “Financial Stability Oversight Council Policies Will Harm the Economy and Financial System”: “Treasury Secretary Scott Bessent, the current Chair of the Financial Stability Oversight Council (FSOC), owes the […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement on the filing of a comment letter to the Federal Reserve Board, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation regarding a proposal to reduce the community bank leverage ratio capital requirement: “The banking agencies under this administration clearly do not care about community […]
WASHINGTON, D.C.— Dennis M. Kelleher, President and CEO for Better Markets, issued the following statement in connection with President Trump’s announcement of Kevin Warsh to be his nominee to be the next Chair of the Federal Reserve: “Every American with a credit or debit card, savings or checking account, mortgage or loan of any type depends […]
WASHINGTON, D.C.—Dennis Kelleher, President, CEO, and Co-founder of Better Markets, issued the following statement recognizing the extraordinary contributions of Michael Greenberger, who passed away on December 21, 2025. Along with his service on the Better Markets Academic Advisory Board, Greenberger was the founder and director of the University of Maryland Center for Health and Homeland Security (CHHS) […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth & Financial Stability at Better Markets, released the following statement today on the filing of comment letters to the Office of Comptroller of Currency (“OCC”) regarding proposals to block states from enforcing laws requiring lenders to pay a minimum amount of interest (usually 2%) on homeowners’ escrow accounts. “At […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet entitled “Five Years After GameStop, Crypto, Prediction Markets, and 24/7 Trading Make Meme Stocks the Least of Retail Investors’ Troubles”: “Five years after GameStop, regulators clearly failed to learn its central lesson. What was widely viewed as a […]
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet entitled “Predictably, ‘Prediction Markets’ Are Just Casinos”: “So-called ‘prediction markets’ operated by firms like Kalshi and Polymarket are not genuine markets. They’re unregulated gambling platforms that function like casinos. These firms disingenuously use the label ‘prediction markets’ to avoid longstanding state gambling laws designed to protect consumers, detect manipulative betting patterns, and prevent crime. […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability for Better Markets, issued the following statement in response to the FDIC finalizing a rule implementing industry-friendly requirements for notices regarding FDIC insurance: “For almost 100 years, FDIC deposit insurance has been the gold standard for trust, confidence, and protection. However, the Trump administration […]
WASHINGTON, D.C.— Better Markets issued the following statement on the one-year anniversary of President Trump’s executive order on digital assets: “The Trump administration is repeatedly proving to the American people just how much damage can be done in a year and how broad that damage can be. One year ago – just three days after […]
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with the vote by the Securities and Exchange Commission (SEC) to cut the budget of the Public Company Accounting Oversight Board (PCAOB) for 2026 by more than 9 percent: “The PCAOB ensures that accounting firms do what they […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement in conjunction with a comment letter regarding a proposal from the Office of the Comptroller of the Currency to redefine what it considers to be community banks and to expedite or reduce certain filing procedures for community […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability for Better Markets, released the following statement in connection with Better Markets’ new fact sheet, “The Banking Agencies’ Anti-Community Bank Policies Are Hurting the Main Street Economy”: “Banking agencies under this administration clearly do not care about community banks or the economic growth of the communities they […]
WASHINGTON, D.C.—Dennis M. Kelleher, Co-Founder, President & CEO, issued the following statement in connection with the release of Better Markets’ Report Card on the Trump Administration’s first year of economic and financial policies. “Trump’s first-year economic and financial policies and actions have earned him an F grade, as illustrated by the attached Report Card. No […]
WASHINGTON, D.C.—Phillip Basil, Director of Economic Growth and Financial Stability for Better Markets, released the following statement in connection with Better Markets’ new fact sheet, “Reducing Supervision of Banks Endangers Depositors and Economic Growth”: “The supervision of our banks is critical to preventing banks from taking on too much risk and protecting Main Street Americans […]
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with the Securities and Exchange Commission’s approval of a proposal to reduce the amount of customer identifying information collected and retained in the consolidated audit trail (CAT): “Protecting investors requires the SEC to monitor the markets and catch […]
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the release of a special report detailing the banks’ pattern of illegal conduct, which promises to get worse under the Administration’s de-regulatory policies: “The largest banks in the U.S. have a shocking but largely overlooked track record of violating the law. It […]
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “A Republican-Only SEC Echo Chamber Without Commissioner Crenshaw Harms Investors and Markets”: “The United States has the broadest, deepest, most liquid capital markets in the world because those markets are well-regulated and […]
WASHINGTON, D.C.—Dennis Kelleher, Co-Founder, President & CEO of Better Markets, issued the following statement on the D.C. District Court ruling that the Trump administration cannot shut down the Consumer Financial Protection Bureau (CFPB). “We applaud the court’s rejection today of the Trump Administration’s illegal attempt to kill the CFPB by defunding it, which the court prohibited before the resolution of the pending lawsuit on the […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement in conjunction with a comment letter regarding a proposal from the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency to define “unsafe and unsound practices” for the supervisory process: “The proposal to […]
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the filing of an amicus brief in support of the Maryland Gaming Commission as it fights to preserve state protections for those who wager on sports, in KalshiEX LLC v. Martin, No. 25-1892 (4th Cir.): “KalshiEX LLC (‘Kalshi’) is attempting to evade […]
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “The SEC is Now the Shareholder Exploitation Commission”: “At the 2024 Republic National Convention, now-Vice President JD Vance said that his party was done ‘catering to Wall Street’ and would instead ‘commit […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with the announcement that Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), will leave the agency and join crypto company MoonPay upon the confirmation of a new chair: “Acting CFTC Chair Pham is finally ending her […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement upon filing of a comment letter to the Office of the Comptroller of the Currency in regard to its proposal to rescind its guidelines around recovery planning for large banks: “The OCC’s proposed elimination of the recovery […]
WASHINGTON, D.C.— Amanda Fischer, COO and Policy Director of Better Markets, released the following statement today on the filing of a comment letter to the Consumer Financial Protection Bureau (“Bureau” or “CFPB”) regarding a proposal to gut a seminal fair lending law, the Equal Credit Opportunity Act (“ECOA”). “The Equal Credit Opportunity Act (“ECOA”) has been on the books […]
WASHINGTON, D.C. — Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement applauding Senators for condemning President Trump’s baseless commutation of a convicted fraudster: “Trump seems hellbent on making crime great again while demonstrating no concern for the hardworking Americans who are the victims of criminals. Contradicting his own US Attorney, who said the sentence was […]
WASHINGTON, D.C.— Dennis Kelleher, Cofounder, President and CEO of Better Markets, released the following statement ahead of today’s meeting of the Financial Stability Oversight Council: “The Financial Stability Oversight Council (FSOC) is a vital front line agency key to preventing financial crashes and economic catastrophe as happened in 2008. However, this administration is gutting the […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “Meme Coins are Like Penny Stocks. We Must Regulate Them That Way.”: “This year marks the 35th anniversary of the Penny Stock Reform Act of 1990. Congress enacted the Penny Stock Reform Act […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with the launch by the Commodity Futures Trading Commission (CFTC) of a digital asset pilot program for tokenized collateral: “Acting Chair Pham has not officially confirmed the reports that she will join crypto company MoonPay as chief legal officer […]
WASHINGTON, D.C.—Dennis Kelleher, President, Co-founder, and CEO for Better Markets, issued the following statement in response to the SEC’s exemptive order extending by two years the compliance dates for rules governing short selling and securities lending: “Investors, markets and policy makers suffer from having far too little information about the short selling activities of financial […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with the announcement by the Commodity Futures Trading Commission (CFTC) that listed spot crypto products will begin trading for the first time on CFTC-registered futures exchanges: “Acting Chair Pham’s announcement that spot crypto products can now trade on CFTC-registered […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability, issued the following statement on the filing of a comment letter to the Federal Reserve on the proposed scenarios for the 2026 supervisory stress test: “The Federal Reserve’s publication of the 2026 supervisory stress test scenarios ultimately undermines the purpose of the stress test. […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement in connection with Better Markets’ new fact sheet “Key Questions Congress Should Ask the Banking Regulators”: “Since January, the agency heads of banking supervision and regulation have been rapidly implementing a sweeping agenda that satisfies the wish […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement in response to the federal banking agencies announcing the finalization of changes to the enhanced supplementary leverage ratio and proposed changes to the community bank leverage ratio: “The banking agencies today are taking simultaneous actions that prove […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement after the Senate Agriculture Committee advanced the nomination of Mike Selig to be chair of the Commodity Futures Trading Commission: “The Committee’s swift vote to bring Mike Selig one step closer to Chair of the CFTC is troubling, both substantively and procedurally. The CFTC is facing unprecedented strain as crypto and prediction market oversight has been layered into its traditional derivatives market […]
WASHINGTON, D.C. — Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “Sports Betting Scandals Show the Perils of Prediction Markets”: “Legalized sports betting has led to scandals that call into question the integrity of our nation’s sporting events, and the same thing […]
WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement in response to the advancement of Travis Hill’s nomination to be the Chair of the Federal Deposit Insurance Corporation (FDIC) out of the Senate Banking Committee: “Today’s vote to advance Travis Hill’s nomination as the Chair of […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “Key Questions Senators Should Ask Mike Selig, the Nominee to Chair the Commodity Futures Trading Commission”: “Mike Selig, President Trump’s nominee to chair the CFTC, is set to appear before the Senate Agriculture Committee later today. Given that the CFTC’s role has long been to regulate markets that […]
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the filing today of an amicus brief joined by Better Markets and 39 other prominent public interest organizations, in the historically important case of Trump v. Slaughter, No. 25-332, pending in the U.S. Supreme Court: “The stakes for the public in this […]
WASHINGTON, D.C.— Dennis Kelleher, President, Co-founder, and CEO for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “The SEC Is Demolishing Investor Protection, Threatening Capital Formation & the U.S. Economy”: “The U.S. has benefited from the deepest, most liquid, most efficient markets in the world, providing fuel for the U.S. economy, standard […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “The SEC’s Attempt to Kill Securities Class Actions Through Mandatory Arbitration Violates Congressional Action”: “The Securities and Exchange Commission’s recent decision to allow public companies to force shareholders into mandatory arbitration subverts the […]
WASHINGTON, D.C.— Amanda Fischer, COO and Policy Director of Better Markets, released the following statement today on the filing of a comment letter to the Department of the Treasury regarding the implementation of the GENIUS Act, which earlier this year created a new framework for the regulation of so-called “stablecoins.” “Policymakers are clamoring to make […]
WASHINGTON, D.C.— Travis Horr, Director of External Affairs for Better Markets, issued the following statement in connection with the new fact sheet “This Veterans Day, The Trump Administration Can Honor the Military Community by Protecting and Strengthening the CFPB”: “Financial readiness in the military is a national security issue, as service members need to be […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “We Must Regulate Crypto As It Exists Today”: “Tomorrow marks the 17th anniversary of Satoshi Nakamoto’s white paper introducing the world to Bitcoin. Since the white paper’s release, proponents have touted cryptocurrencies as […]
WASHINGTON, D.C.— Amanda Fischer, COO and Policy Director of Better Markets, issued the following statement on the release of a special report entitled “Thin Ice: How October’s Crypto Rout Exposes Fragilities in Pending Market Structure Legislation” describing the connection between the October crypto flash crash and issues policymakers have so far ignored as they write laws to […]
WASHINGTON, D.C.—Phillip Basil, Director of Economic Growth and Financial Stability at Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet, “Key Questions That the Senate Should Ask Trump’s FDIC Chairman Nominee Travis Hill,” ahead of tomorrow’s United States Senate Committee on Banking, Housing, and Urban Affairs hearing: “For more than […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder of Better Markets, issued the following statement in response to a Friday afternoon meeting of the Board of Governors of the Federal Reserve System (Fed) to further weaken its stress tests of the largest banks: “Today the Federal Reserve is proposing to destroy one of its most […]
WASHINGTON, D.C.— Statement from Amanda Fischer, Better Markets COO and Policy Director, on today’s announced presidential pardon of Changpeng Zhao (CZ), the co-founder and former CEO of Binance who pled guilty to enabling money laundering in 2023: “Today’s decision to pardon Changpeng Zhao (CZ) is perhaps the most brazen signal that the Trump Administration has […]
For media inquiries, please contact [email protected] or 202-618-6433.
To sign up for our email newsletter, please visit this page.
"* (Required)" indicates required fields
please contact [email protected] or 202-618-6433.
Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.
