The Crypto Council for Innovation urged the U.S. Commodity Futures Trading Commission (CFTC), the U.S. derivatives regulator, to keep evaluating perpetual contracts under its existing derivatives framework rather than create a separate regime. In a letter submitted on August 26, CCI argued that each contract should be assessed according to the characteristics and risks of its underlying market. The group cited CFTC Regulation 40.3, which allows registered entities to voluntarily submit new products for review and approval, including assessments of surveillance, manipulation risks and position limits. CCI also asked the agency to consider perpetuals tied to crude oil, natural gas and electricity, while noting that energy products face risks linked to physical supply, storage, weather, seasonal demand and regional conditions. The submission follows the CFTC's May 29 approval of KalshiEX's BTCPERP, a Bitcoin-linked perpetual contract, and comes as the agency reviews round-the-clock derivatives trading. CCI described perpetuals as risk-management and price-discovery tools, but acknowledged that leverage, funding payments, liquidations, liquidity and market controls remain key issues. It also pointed to potential blockchain applications for transaction and position monitoring and automated compliance, while emphasizing that regulated markets must still meet reporting, surveillance and risk-management standards. Hyperliquid and Trade[XYZ] have separately asked the CFTC to consider crude oil and natural gas perpetuals. The agency's review could shape whether perpetual trading expands in U.S.-regulated markets beyond digital assets into commodities and other asset classes.