Crypto Exchanges Back CFTC in Legal Fight Over Stock Perpetuals
By TickerJolt Markets Desk • Fact-checked under TickerJolt Editorial Standards
Photo: Art Rachen / Unsplash
The Scoop
Coinbase, Kalshi, and Kraken's parent company have backed the CFTC in a legal battle regarding stock perpetual futures. The Capital Markets Alliance argues these derivatives fall under SEC jurisdiction.
Why It Matters
- Major crypto and prediction platforms are directly intervening in US derivatives regulation.
- The lawsuit centers on whether the CFTC or SEC holds ultimate jurisdiction over stock perpetuals.
- The outcome will determine regulatory oversight for crypto-native derivative products.
Primary Source / Reference:
CoinDesk ↗
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