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Crypto Industry and U.S. Government Align in Two Legal Battles Over Perpetual Contracts
(2 hours ago) · 1 source · Summarized by CryptoBipto
The cryptocurrency industry and the U.S. government have reportedly found themselves on the same side in two separate legal disputes involving perpetual futures contracts (perps). The cases concern the legal status and regulatory treatment of these derivative products, which allow traders to speculate on asset prices without expiration dates.
WHY IT MATTERS
Perpetual contracts, or perps, are a type of financial bet that lets people speculate on whether the price of something will go up or down, without the bet ever expiring.
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SOURCES
- coindesk.com
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Perpetual ContractsU.S. RegulationCFTCCrypto DerivativesLegal Precedent