Delaying compute futures has a real cost for US innovation. Some of the largest data center lenders have hit their risk limits. Give them a liquid market to hedge compute price risk and they can free up lending capacity. It's the lack of a hedging instrument that has caused credit spreads to blow out. We support the @CFTC’s commitment to getting this right. The good news is we already have standards for building these markets properly: independent benchmarks, transparent methodologies and regulatory access to the underlying data. Apply them to compute and let well-designed futures move forward. Our comment letter:

Delaware calls itself America’s corporate capital. New U.S. Courts-based data shows it is also America’s business-bankruptcy filing capital. Bankruptcy filings per 100,000 small businesses: • Delaware: 538.9 • Texas: 129.7 • Nevada: 103.2 • Florida: 72.1 • United States: 71.1 Delaware’s rate is more than 4X Texas’s and more than 7X the national rate.