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Thank you for inviting me to speak at the 2025 Chatham House Competition Policy Conference. I regret not being able to join you in person today, but I am delighted to speak to you virtually and will leave time for questions at the end of my remarks.

Thanks so much for the kind introduction and the warm welcome. It is an honor to be here at Drake Law School with you all. I would like to thank the Federalist Society for hosting me. Ispoke at Ohio State Law School earlier this year and Fed Soc hosted me there too.[1] The young people I met at the Ohio Law School Fed Soc reminded me of my former colleagues in the Vance Senate office as well as the amazing Gen Z administration appointees I got to know during the Trump-Vance transition last year. Yours is a generation forged by a financial crisis, a pandemic, and a new geopolitical world order. Older lawyers like me have much to learn from you, so long as we are willing to listen to you.

Thank you, Winston and Patrick, for that kind introduction. Just a few months ago, the Criminal Division laid out an ambitious roadmap for white-collar enforcement to make our nation safe and prosperous, vindicate victims’ rights, and provide fairness and transparency to individuals and corporations.

Thank you for that kind introduction and thanks to Concurrences for inviting me to speak at what has become a traditional event adjacent to Fordham’s Annual Conference on International Antitrust Law and Policy. It’s a pleasure to be here with antitrust friends from both the U.S. and around the world to discuss antitrust developments. I also want to thank my colleague, Alice Wang, for her help in drafting today’s remarks.

Thank you for the kind introduction. Thanks to the organizers and to those who have traveled from near and far to exchange ideas at this conference. It’s always a pleasure to see the depth of expertise and the breadth of interest in competition policy gathered in one place, and I am looking forward to hearing the debate. Of course, much like debate in general, debate about competition policy takes courage. As my grandmother liked to say, debate requires us to take a step back and recognize that God gave us two ears and one mouth for a reason. I wish us all the courage to listen to one another, because as C.S. Lewis wrote in the Screwtape Letters, “Courage is not simply one of the virtues, but the first of every virtue at the testing point.”

It is great to speak with you today at ACAMS’ Assembly.

Thank you for having me. It’s such a pleasure to be here at this incredibly important moment in antitrust and technology policy. We are at an inflection point in both. In antitrust enforcement, for the first time in decades we are beginning to implement monopolization remedies. That’s really where the rubber meets the road in these historic cases, and under Attorney General Bondi’s leadership, we are thinking deeply about how to do that thoughtfully under the law.

This is an important time in antitrust enforcement. Americans are confronted with a new wave of economic and industrial change as technological innovations like AI transform our economy. At the same time, forces of economic consolidation across industries threaten the bottom line for American consumers and workers. As law students, you see the great potential and the risks from these forces in your daily lives. What you may not yet see, however, is that antitrust enforcement can and does interact with them in a meaningful way.

Good afternoon. My name is Matthew Galeotti, and I am the Acting Assistant Attorney General of the Justice Department’s Criminal Division, and a former Assistant United States Attorney here in the Eastern District of New York.

Thank you, Amanda, for that introduction, and thank you to the American Innovation Project for hosting this conference.

Good morning.

Thank you all for joining us. My name is Matthew Galeotti, and I am the Acting Assistant Attorney General of the Justice Department’s Criminal Division.