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CFTC Plans to Release Policy Guidance for U.S. Crypto Perpetual Futures

CFTC Plans to Release Policy Guidance for U.S. Crypto Perpetual Futures

CFTC Chairman Michael Selig states that US-listed crypto perpetual futures could be enabled within weeks, signaling a move to formally bring these high-volume derivatives products onshore under clearer regulatory oversight.

Summary

CFTC Chairman Michael Selig said the agency plans to enable U.S.-listed crypto perpetual futures within weeks, outlining a formal path for these derivatives to operate domestically. The move builds on the CFTC’s broader effort to issue policy guidance covering crypto perpetual futures, DeFi platforms, and prediction markets in coordination with the SEC under Project Crypto. By establishing clearer regulatory standards, the agency aims to encourage compliant onshore activity and reduce reliance on offshore platforms.

Terms & Concepts
  • Perpetual futures: Crypto derivative contracts with no expiration date, allowing traders to hold leveraged positions continuously, typically aligned with spot prices through periodic funding payments.
  • CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission is the U.S. federal agency that oversees futures, options, and swaps markets, including crypto derivatives.
  • DeFi (decentralized finance): A blockchain-based financial system that offers services such as trading and lending through smart contracts without traditional intermediaries.