CFTC Chair Teases Crypto Perpetual Futures in ‘the Next Month or so‘

CFTC Chair Michael Selig announced at a Milken Institute panel that the agency is aiming to introduce guidance for “true perpetual futures” for cryptocurrencies in the United States within the next month or so. Selig noted that the previous administration caused much of the industry's liquidity to move offshore. During the same event, SEC Chair Paul Atkins discussed the pending digital asset market structure bill in Congress, emphasizing the need for statutory clarity from Congress to support the SEC's crypto efforts. Selig agreed, stating there is a limit to what the agencies can achieve without legal certainty from Congress. Furthermore, Selig mentioned that the CFTC plans to provide guidance on prediction markets in the very near future, reaffirming the agency's claim of exclusive jurisdiction over platforms offering event contracts.

(Source：Cointelegraph)