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CFTC Approves Equity Perpetual Futures Trading and Faces Lawsuit the Same Day
(4 hours ago) · 1 source · Summarized by CryptoBipto
The U.S. Commodity Futures Trading Commission (CFTC) has opened the door for trading equity-based perpetual futures contracts. Within hours of the announcement, a lawsuit was filed challenging the agency's authority to approve such products.
WHY IT MATTERS
Perpetual futures, or "perps," are contracts that let you bet on the price of an asset without ever having to take delivery of it, and unlike regular futures, they never expire.
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SOURCES
- cryptopotato.com
RELATED
CFTCPerpetual FuturesDerivatives RegulationSEC JurisdictionU.S. Financial Regulation
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