Judge Rules Stock Perpetual Futures Can Continue Trading, Questions CFTC Authority
(4 hours ago) · 1 source · Summarized by CryptoBipto
A judge has allowed stock-based perpetual futures contracts to continue trading while indicating that the CFTC likely overstepped its regulatory authority in attempting to restrict them. The ruling suggests the agency may not have the legal basis to block these products, though the case appears to remain ongoing.
WHY IT MATTERS
Think of the CFTC as a referee for certain financial markets in the United States, specifically markets involving contracts that let people bet on the future price of things like oil, wheat, or financial instruments.
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SOURCES
- bitcoinmagazine.com
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