SEC Reportedly Backs CFTC Against Stock-Perps Injunction

The SEC has reportedly filed an amicus brief backing the CFTC in its defense of perpetual futures on U.S. stocks, countering a bid by Better Markets and two former SEC officials to persuade a federal judge to block the products. The dispute centers on whether stock-perps fall under CFTC oversight, with the SEC's support signaling regulatory alignment on the derivatives. The outcome matters because a ruling against the CFTC could curtail U.S. access to perpetual futures tied to equities. Watch for the judge's decision on the injunction and any signals on how the SEC and CFTC will divide oversight of crypto-style derivatives.