CFTC Signals Approval of Crypto Perpetual Futures in the United States

Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), said the agency is preparing to address cryptocurrency perpetual futures contracts in the United States within “the next month or so.”

Speaking at a policy event hosted by the Milken Institute in Washington, DC, Selig indicated that regulators are working toward enabling what he described as “true perpetual futures” products domestically. Perpetual futures, widely traded on offshore crypto exchanges, allow traders to maintain leveraged positions without expiration dates.

Selig also noted that previous regulatory pressure had pushed significant liquidity and trading activity outside US jurisdiction.

Prediction Markets and Regulatory Jurisdiction

In addition to perpetual futures, Selig said the CFTC plans to issue guidance on prediction markets in the near term. Earlier this year, he asserted that the agency holds exclusive jurisdiction over event-based derivatives platforms, a position that has placed it at odds with some state-level enforcement efforts.

Crypto Market Structure Bill Faces Congressional Delays

Paul Atkins, chair of the Securities and Exchange Commission, emphasized the need for clear statutory direction from Congress to advance digital asset oversight. Legislative uncertainty continues as lawmakers debate provisions related to stablecoins and broader crypto market structure reforms.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.