🔷 Regulators clash over perpetuals on stocks
On November 3, the CFTC allowed U.S. exchanges to list perpetual futures on individual stocks. The Capital Markets Alliance, backed by Cboe and Citadel Securities, sued, arguing that this falls under the SEC’s jurisdiction. This week, the SEC supported the CFTC in court.
Perpetuals with no expiration date and leverage are familiar to everyone in crypto; now they’re making their way to stocks. The SEC said the narrative that “the CFTC has gone rogue while the SEC has disappeared” is wrong: the agencies are working together.
The outcome of the dispute will determine who can list these products and under what rules. According to Cointelegraph, the judge previously found that the CFTC had probably exceeded its authority. Personally, I don’t think the matter is settled.
Would you use perpetuals on stocks, or is spot trading enough? 👇
#CryptoRay #BTC
On November 3, the CFTC allowed U.S. exchanges to list perpetual futures on individual stocks. The Capital Markets Alliance, backed by Cboe and Citadel Securities, sued, arguing that this falls under the SEC’s jurisdiction. This week, the SEC supported the CFTC in court.
Perpetuals with no expiration date and leverage are familiar to everyone in crypto; now they’re making their way to stocks. The SEC said the narrative that “the CFTC has gone rogue while the SEC has disappeared” is wrong: the agencies are working together.
The outcome of the dispute will determine who can list these products and under what rules. According to Cointelegraph, the judge previously found that the CFTC had probably exceeded its authority. Personally, I don’t think the matter is settled.
Would you use perpetuals on stocks, or is spot trading enough? 👇
#CryptoRay #BTC
