⚡ 9. The CFTC also issued an important decision today regarding perpetual contracts
Alongside the new crypto framework, the CFTC today issued a No-Action Letter concerning the conversion of certain perpetual-style futures contracts into true perpetual contracts.
This is important because perpetuals have become some of the most widely traded products in the crypto market, especially outside the U.S. �
The news does not mean that all crypto contracts are now permitted or regulated in the United States; it is a specific regulatory action concerning certain types of contracts and entities subject to CFTC oversight.
Alongside the new crypto framework, the CFTC today issued a No-Action Letter concerning the conversion of certain perpetual-style futures contracts into true perpetual contracts.
This is important because perpetuals have become some of the most widely traded products in the crypto market, especially outside the U.S. �
The news does not mean that all crypto contracts are now permitted or regulated in the United States; it is a specific regulatory action concerning certain types of contracts and entities subject to CFTC oversight.