CFTC Chairman Michael Selig announced that the exchange intends to list crypto perpetual futures in the U.S. within weeks. The regulatory clarity provided by Congress remains the key to broader digital asset market structure reforms.
Selig stated the organization's goal during a panel discussion, aiming to introduce "true perpetual futures" into the United States within the next month. He stressed the CFTC's ongoing development of a regulatory system for these assets. Selig argued that past regulatory strategies have driven crypto companies and liquidity offshore, and that better clarity would encourage trading within U.S. markets. He also confirmed the CFTC will release prediction market guidance soon.
Selig reiterated the agency's exclusive jurisdiction over event contract platforms and challenged state-level enforcement actions, emphasizing the importance of federal law for event-based contracts with financial outcomes. Discussions also touched on the Digital Asset Market Structure Bill in Congress, with lawmakers reportedly holding back due to issues like ethics, stablecoin yield, and tokenized equities. Clarity from lawmakers is seen as crucial for the SEC to develop a solid basis for its work.