The SEC has sided with the CFTC in a lawsuit over single-stock perpetual contracts.
CoinGape reported that the SEC has filed a court brief in a legal dispute over perpetual derivatives linked to individual U.S. stocks, supporting the CFTC, which is suing the Capital Markets Alliance (CMA). Coinbase and Kalshi are also involved in the lawsuit.
· The source confirms only that the SEC filed a brief and supports the CFTC’s lawsuit against CMA; it does not provide the brief’s contents or the basis for the SEC’s decision.
· The dispute centers on who has the authority to regulate these products, and the disagreement between the two agencies is explicitly noted in the source.
What stage has the CFTC’s lawsuit against CMA reached?
CoinGape reported that the SEC has filed a court brief in a legal dispute over perpetual derivatives linked to individual U.S. stocks, supporting the CFTC, which is suing the Capital Markets Alliance (CMA). Coinbase and Kalshi are also involved in the lawsuit.
· The source confirms only that the SEC filed a brief and supports the CFTC’s lawsuit against CMA; it does not provide the brief’s contents or the basis for the SEC’s decision.
· The dispute centers on who has the authority to regulate these products, and the disagreement between the two agencies is explicitly noted in the source.
What stage has the CFTC’s lawsuit against CMA reached?
