SignalDerivatives

Coinbase, Kalshi and Payward backs CFTC in lawsuit over single-stock perp futures

Coinbase, Kalshi and Payward backing CFTC in single-stock perp futures lawsuit signals industry support.

Context

What happened: Coinbase, Kalshi and Payward moved for leave to file an amicus brief backing the CFTC in a lawsuit over its authority to regulate single-stock perpetual futures in the US. Why it matters: The filing shows crypto firms siding with the CFTC in the dispute over whether the agency can regulate these products in the US.

What changed

Coinbase, Kalshi and Payward moved for leave to file an amicus brief backing the CFTC in a lawsuit over its authority to regulate single-stock perpetual futures in the US.

Why it matters

The filing shows crypto firms siding with the CFTC in the dispute over whether the agency can regulate these products in the US.

Sources

theblock