Coinbase, Kalshi, and Kraken Parent Support CFTC in Stock Perpetual Futures Legal Battle
(2 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase, Kalshi, and the parent company of Kraken have filed support for the CFTC in a legal dispute over stock perpetual futures. The case centers on whether the CFTC has jurisdiction to regulate perpetual futures contracts tied to stock prices. The backing from major crypto and prediction market firms signals industry interest in having the CFTC oversee these products.
WHY IT MATTERS
In the United States, two main agencies oversee financial markets: the CFTC handles commodities and futures, while the SEC handles stocks and securities.
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SOURCES
- coindesk.com
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