Coinbase, Five Firms Back CFTC in Stock Perps Lawsuit
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Coinbase and five other firms filed a proposed amicus brief backing the CFTC in litigation over single-stock perpetual futures, arguing for joint SEC-CFTC oversight of the products. The dispute centers on efforts to halt single-stock perpetuals, with a reply deadline set for November 10. The brief signals growing industry support for the CFTC's role in regulating novel derivatives that straddle securities and commodities markets. The outcome could shape how stock-linked perpetuals are offered in the U.S. and which regulator holds primary authority. Market participants will watch the November 10 filing and subsequent court action for clarity on the products' regulatory status.
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Named in this story
CFTC, Coinbase (COIN), SEC, Five Firms
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