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Crypto Industry and U.S. Government Join Forces to Defend Stock Perpetual Contracts in Court
(3 hours ago) · 1 source · Summarized by CryptoBipto
A crypto industry group has aligned with the U.S. government to defend the legality of stock perpetual contracts in an ongoing legal dispute. The case centers on whether perpetual futures contracts tied to stock prices can be legally offered. Details of the specific parties and court involved have not been fully disclosed in the available reporting.
WHY IT MATTERS
Perpetual contracts are a type of financial product that lets people bet on whether the price of something will go up or down, without ever having to actually buy or sell the underlying asset.
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SOURCES
- coindesk.com
RELATED
Perpetual ContractsCrypto DerivativesU.S. RegulationLegal Disputes