Crypto Industry Urges CFTC to Establish Regulatory Clarity for Perpetual Derivatives

The cryptocurrency industry is actively lobbying the U.S. Commodity Futures Trading Commission (CFTC) to establish definitive regulatory guidelines for perpetual derivatives. Industry stakeholders believe that formulating such regulations could drive a significant portion of crypto trading activities to occur within the United States. The challenge, however, lies in the round-the-clock nature of crypto trading and the unique risks and attributes of perpetual derivatives, which don’t align neatly with existing financial classifications. For further details on this development, Law360 has covered the intricacies of the discussions and the potential implications for the derivatives market in the article available here.