CFTC to Provide Guidance on U.S. Crypto Perpetual Futures
- CFTC Chairman Mike Selig announced plans for guidance on crypto perpetual futures within the next month.
- U.S. exchange Kraken is expanding into perpetual futures for tokenized stocks aimed at non-U.S. users.
- Selig emphasized the need for regulatory clarity, noting that previous administrations drove liquidity offshore.
- The CFTC is also expected to define its approach to decentralized finance (DeFi) developers soon.
- Legal standing remains a concern, with SEC Chairman Paul Atkins calling for “statutory certainty” from Congress.
The upcoming guidance from the CFTC aims to regulate crypto perpetual futures, which have gained popularity but largely developed outside the U.S. due to regulatory uncertainty. The agency’s focus includes providing clear standards for prediction markets and addressing DeFi regulations after years of ambiguity.
With Kraken’s new offerings and anticipated CFTC guidance, the landscape for crypto derivatives in the U.S. may soon see significant changes, potentially reversing trends that led firms offshore.(Source)
