Wall Street and the crypto world are going head-to-head in court! On November 9, six organizations, including Coinbase, Kalshi, and Kraken’s parent company, jointly filed an amicus brief in federal court in New York, backing the CFTC’s authority over single-stock perpetual contracts. On the other side is a capital markets coalition backed by Cboe and Citadel, which sued the CFTC on November 3 for overstepping its authority. A judge said the CFTC may have overstepped, but denied an emergency injunction—and Kalshi had already quietly launched more than 50 single-stock perpetuals on November 5. This lawsuit will directly determine whether U.S. retail investors can trade single-stock perpetuals like crypto in the future. Which side are you on? #Coinbase #Kalshi #CFTC #永续合约 #U.S.Stocks