Donald R. Wilson, the founder of DRW Holdings LLC, has recently expressed his belief that the U.S. securities regulatory framework needs a complete overhaul.

Wilson argues that the ongoing friction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) is counterproductive for the industry. He suggests that both regulatory bodies should be eliminated and replaced with a new, singular regulator that can better meet the changing needs of the financial markets.

Wilson's comments reflect a growing sentiment among industry leaders who are calling for a more streamlined and effective regulatory approach in the face of ongoing tensions and challenges faced by trading firms.