US perpetual futures launch is imminent
The CFTC is very close to approving and establishing a regulatory framework for perpetual futures contracts (perps) in the United States, starting with crypto assets.
The argument
The speaker, a CFTC official, argued that perpetual contracts have historically flooded offshore due to regulatory aversion and statutory characterization hurdles. The agency is actively working to resolve whether perps are classified as futures or swaps under the Commodity Exchange Act, aiming to launch them within weeks to a month.
The thesis, stress-tested
✓ What validates it
- ✓CFTC issues formal regulatory approval or guidelines for perpetual futures within the next month
- ✓US exchanges launch fully perpetual (non-dated) crypto contracts
▸ Risks discussed
- ▸Potential to drain liquidity from traditional financial markets if expanded beyond crypto
- ▸Unresolved statutory classification under the Commodity Exchange Act
Hear it yourself
"We have the sixteenth chairman of the CFTC, Mike Seelig is here to join us. And in this conversation, we are gonna talk about the three most important technologies that are facing financial markets."
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