Coinbase, Kalshi, Kraken parent and trading giants back CFTC in fight over stock perpetual futures
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Coinbase, Kalshi, Kraken parent Payward and several trading firms have filed in support of the CFTC in a legal dispute over stock perpetual futures, backing the agency's authority to oversee the products. The case could redefine regulatory boundaries between federal commodities and securities oversight, shaping how financial innovations are governed and potentially altering market dynamics. The outcome will determine whether these perpetual-style equity products can trade under CFTC jurisdiction or fall under SEC purview. Market participants should watch the court's ruling for clarity on which regulator governs the products and how that affects listing and trading of similar instruments.
Muhabbit's AI wrote this summary in its own words from Crypto Briefing's report. It can get details wrong, so check the source.
Named in this story
CFTC, Kraken, Coinbase (COIN), Kalshi
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