The planned purchase by the German Deutsche Boerse of the NYSE Euronext fits in with Rep. Ron Paul’s support of globalization and free markets, the congressman told CNBC Wednesday.

“We shouldn’t be afraid of people investing here,” said Paul, (R-Texas), a member of the House Financial Services Committee, which has a say in whether the deal will go through. Paul is also chairman of the House Domestic Monetary and Technology Subcommittee.

"If we believe in globalism and we believe in free markets, I think we shouldn't be afraid of other countries investing here," Paul explained.