Washington just did something I didn't expect this soon: the product crypto traders live on is now heading to the US stock market.
CFTC Chair Michael Selig said Tuesday that perpetual futures on individual stocks — "Equity Perps" — were deemed approved under Regulation 40.3 as security futures products. For the first time, they can trade on regulated US exchanges: specifically, venues that hold both a CFTC designated-contract-market registration and SEC notice registration for security futures. Oversight is joint, CFTC plus SEC, under the Commodity Futures Modernization Act of 2000.
Why I'm watching this closely: perps are crypto's native leverage machine, and this is the second onshoring step after May's bitcoin perp approval. But the statement names no exchange, no stocks, and no launch date — approval of the framework is not a live market yet.
$BTC $77,712 (flat/24h), $ETH $2,300 (+0.7%/24h), Binance spot at last check.
Does a regulated US perp market pull crypto traders onshore, or just give Wall Street crypto's favorite tool? DYOR.
#CryptoMarkets #Regulation #CFTC #Perpetuals #WallStreet
CFTC Chair Michael Selig said Tuesday that perpetual futures on individual stocks — "Equity Perps" — were deemed approved under Regulation 40.3 as security futures products. For the first time, they can trade on regulated US exchanges: specifically, venues that hold both a CFTC designated-contract-market registration and SEC notice registration for security futures. Oversight is joint, CFTC plus SEC, under the Commodity Futures Modernization Act of 2000.
Why I'm watching this closely: perps are crypto's native leverage machine, and this is the second onshoring step after May's bitcoin perp approval. But the statement names no exchange, no stocks, and no launch date — approval of the framework is not a live market yet.
$BTC $77,712 (flat/24h), $ETH $2,300 (+0.7%/24h), Binance spot at last check.
Does a regulated US perp market pull crypto traders onshore, or just give Wall Street crypto's favorite tool? DYOR.
#CryptoMarkets #Regulation #CFTC #Perpetuals #WallStreet