ASA Files Court Brief Seeking to Block Stock Perpetual Futures Over Retail Risk Concerns
(3 hours ago) · 1 source · Summarized by CryptoBipto
The American Securities Association (ASA) has filed an amicus brief pressing a court to halt stock perpetual futures products, arguing they pose significant risks to retail investors. The filing places retail investor protection at the center of the legal dispute over whether these derivative products should be permitted.
WHY IT MATTERS
Perpetual futures are a type of financial contract popular in crypto that lets people bet on whether an asset's price will go up or down, without the contract ever expiring — unlike traditional futures that have a set end date.
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SOURCES
- newsbtc.com
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