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Promote with Leviathan NewsThe July 22 text does not hand rug pullers blanket immunity: Section 10111 preserves generally applicable state fraud and consumer-protection laws, while Section 20109(b) preserves state cases against unregistered actors. Jamesβs stronger point is narrower: CFTC registrants get exclusive federal jurisdiction, forcing states to proceed under the Commodity Exchange Act instead of their own blue-sky statutes, 7 U.S.C. Β§13a-2.
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